January 15, 2018 Weekly Economic Update
Consumers spent freely during the holidays: the latest Census Bureau report shows a nice advance for retail purchases. They improved 0.4% last month, with core retail sales up by the same amount.
January 8, 2018 Weekly Economic Update
The Department of Labor’s latest jobs report announced a headline unemployment rate of only 4.1% in December, but it also showed companies adding just 148,000 net new workers last month.
January 1, 2018 Weekly Economic Update
In December, the Conference Board’s monthly index fell sharply from its lofty November reading of 128.6. That number was a 17-year high.
December 25, 2017 Weekly Economic Update
Congress passed the Tax Cuts & Jobs Act last week, and President Trump signed the bill into law on Friday. The new legislation authorizes major changes to the Internal Revenue Code.
December 18, 2017 Weekly Economic Update
The Federal Reserve raised the benchmark interest rate by 0.25% last week. Their consensus projection has the federal funds rate at 2.1% a year from now.
December 11, 2017 Weekly Economic Update
According to the Department of Labor, the U.S. workforce gained 228,000 jobs. Annualized wage growth improved from 2.5% to 2.7%.
