Economy
CPI Surprises, Falls More than Expected
The Bureau of Labor Statisticscs released their June report for the Consumer Price Index on July 11th.
Economy
Housing
- Pending Home Sales were down in May, falling 2.1% from the previous month and now at their lowest level on record.
Source:
Economy
The Leading Economic Index (LEI) from the Conference Board was down 0.5% in May, worse than expected
This was its third consecutive monthly decline
Economy
The National Federation of Small Businesses’ Small Business Optimism Index came in fractionally above consensus and was a 0.8 point increase from the
Economy
The unemployment rate was released Friday morning, reaching 4.0%, surprising on the upside. This is up 0.6 percentage points from the cycle low of
Economy
Consumer Confidence for May from the Conference Board came in above expectations and was an increase of 4.5 points. The Present Situation Index
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Economy
Confidence among consumers is declining, and more households have
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Economy
New Home Sales from the Census Bureau were up by more than expected in
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Economy
The Leading Economic Indicator (LEI) from the Conference Board has
John Stanton
Welcome to our new weekly summary, of what we have been reading, watching, and commenting on throughout the week in our practice.
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From our January Client Note
2023: A Growing List of “Never Before”
2023 proved to be a year that produced a number of “never seen before” events.
Pa
Fitch, one of the 3 major credit ratings firms, downgraded the U.S. government's credit rating on Tuesday.
The downgrade, the first by a major ratings