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,…
Read More
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…
Read More
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…
Read More