“History does not repeat itself, but it rhymes.” Mark Twain
As expected, the Federal Reserve’s (Fed) policy committee cut its policy rate by 25 basis points (.25%) to a target range of 1.75%–2%. This comes on the
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“History does not repeat itself, but it rhymes.” Mark Twain
As expected, the Federal Reserve’s (Fed) policy committee cut its policy rate by 25 basis points (.25%) to a target range of 1.75%–2%. This comes on the
...The Federal Reserve’s (Fed) policy committee starts its sixth two-day policy meeting of the year today. At 2:00 p.m. ET Wednesday, following the meeting’s conclusion, the Fed will announce its rate decision and release a brief policy stat
...Consumer inflation has accelerated recently, bucking disinflation and deflation concerns that had permeated financial markets earlier this year.
In August, the core Consumer Price Index (CPI) increased at least 0.3% for a third straight
...The European Central Bank (ECB) met the market’s expectations Thursday in Mario Draghi’s swan song as the head of the central bank. The central bank cut its deposit rate by 0.1%, going further into negative territory, and restarted quanti
...August’s jobs report was weaker than expected, showing that corporate hiring has slowed a bit recently.
Nonfarm payrolls rose 130,000 in August, below consensus expectations for a 164,000 gain despite a 25,000 bump from temporary j
...World trade volumes contracted in June and the second quarter as the United States-China trade conflict impacted the amount of goods crossing borders. On a quarter-over-quarter basis, trade has contracted for three consecutive quarters.
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U.S. consumers are feeling especially empowered these days, despite growing pessimism about the economic outlook.
As shown in the LPL Chart of the Day, Consumer Confidence Pushes Through Trade Uncertainty, the Conference Board’s Co
...Business investment remains a critical component for this economic expansion.
Capital expenditures (capex) drive productivity gains (more output per hour worked), which enables economic growth while keeping inflation contained. That help
...U.S. leading indicators rebounded in July, a good sign for the durability of the expansion.
The Conference Board’s Leading Economic Index (LEI) rose 0.5% month over month, the biggest gain since September 2018, and above consensus
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