May 31, 2024 Here are the economic and market highlights for the week: The PCE Index, the Fed’s favorite inflation gauge, rose 0.30% in April. Year-over-year, the index was up 2.70%. Fed officials closely follow the gauge because it accounts for changes in consumer behavior such as when consumers substitute less expensive items for costlier…
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May 17, 2024 Here are the economic and market highlights for the week: The April Consumer Price Index (CPI) rose 3.40% year-over-year (YOY), down from March’s 3.50% rise. Month-to-month, prices increased 0.30%. Core CPI, which excludes volatile food and energy, rose 3.60% YOY – its lowest pace since April 2021 – and down from the…
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May 3, 2024 Here are the economic and market highlights for the week: The Federal Reserve announced it would hold rates steady at a range of 5.25% to 5.50% citing a “lack of further progress” in bringing inflation back down toward its 2.00% goal. Recent data has signaled a reacceleration in inflation since the start of…
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