Weekly Economic Update

Weekly Economic Update 12/10/2018

HIRING PACE SLOWS In November, U.S. employers added a net 155,000 hires to their payrolls. That compares with a (revised) gain of 237,000 recorded by the federal government for October. The Department of Labor’s latest jobs report showed the main…

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Weekly Economic Update 12/03/2018

COMMENTS FROM JEROME POWELL INSPIRE A RALLY Wall Street liked what it heard from Federal Reserve chairman Jerome Powell last week. While speaking Wednesday to an audience in New York, Powell stated that interest rates “remain just below the broad…

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Weekly Economic Update 11/26/2018

SUDDENLY, MORE HOMES SELL Existing home sales improved in October for the first time in seven months. The National Association of Realtors announced a 1.4% monthly increase, while also noting that the annualized sales pace was 5.1% slower than it…

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Weekly Economic Update 11/19/2018

IN OCTOBER, INFLATION JUMPED THE MOST SINCE JANUARY The Consumer Price Index rose 0.3% last month, according to the Bureau of Labor Statistics. This was the largest monthly gain for the headline CPI since its 0.5% move in the first…

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