#federalreserve
This morning, the Bureau of Labor Statistics (BLS) released the “Consumer Price Index – October 2022,” better known as the CPI. This is the most widely used definition of inflation in the United States. Given the…
What a difference a week and one economic report make! Things HAD been going somewhat swimmingly in September. Unfortunately, on Tuesday, the Bureau of Labor Statistics (BLS) drained the pool with a disappointing Consumer Price Index…
In Alabama, the college football season officially starts September 3rd. On that Saturday, Auburn takes on Mercer, and Alabama squares off against Utah State. I can hardly wait. Hey, don’t get me wrong — I am…
Some years ago, a wise person told me the true definition of an economic downturn is: “having to go without stuff your grandparents wouldn’t have dreamed of having in the first place.” I am not sure…
Next week, the Bureau of Labor Statistics (BLS) will release the Consumer Price Index (CPI), colloquially known as inflation, for March 2022. The “Street” is anticipating a reading of 1.2% for the month, which would take…
If you follow the financial news, you might have recently read something about a “yield curve inversion,” and what that might mean for the economy. This is when shorter-term interest rates are higher than longer-term ones,…
Yesterday, I had an early morning TV interview with the Fox affiliate here in town. Not surprisingly, the topic was this week’s rate hike, and the impact it will ultimately have on the US consumer and…
The Federal Open Market Committee (FOMC or Committee), the monetary policy making arm of the Federal Reserve, concluded its 2-day meeting this afternoon, and raised the overnight target lending rate between member banks by 0.25% (25…
Perhaps it is appropriate Groundhog Day is next week, because there was a distinct feeling of déjà vu this past week. Obviously, this is in reference to the movie of the same name in which the…
Two weeks into the new calendar year, and feels like all heck has broken loose. There has been a lot of red ink in the US financial markets. Stocks, bonds, currency? Take your pick. US dollar-denominated…