Tag Archives: economic news

21 Jun

Markets Rise During Shortened Trading Week

June 21, 2024 Here are the economic and market highlights for the week:  May retail sales rose 0.10%, slightly below estimates of 0.20% growth. A 2.20% decline in gas station receipts dragged down the headline figure as prices at the pump continued to ease. Consumers pumped those savings into discretionary categories such as sporting goods,…

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14 Jun

Stocks Climb to Record Highs on Cooling Inflation 

June 14, 2024 Here are the economic and market highlights for the week:  The Federal Reserve held rates steady at a benchmark range of 5.25% to 5.50% following this week’s FOMC meeting. The central bank lifted its projections for its effective “terminal rate”, the rate at which its benchmark fed funds rate will ultimately peak, to…

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07 Jun

June Brings Return of Optimism  

June 7, 2024 Here are the economic and market highlights for the week:  Nonfarm payrolls increased 272K in May, topping estimates of 190K and April’s 175K. Despite the job gains, the unemployment rate rose to 4%, the first time it has breached that level since January 2022. The increase was driven by a full percentage…

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