ECONOMIC UPDATE 2.23.2024

ECONOMIC UPDATE 2.23.2024

INFLATION According to the Bureau of Labor Statistics, the Consumer Price Index rose 0.3% month over month in January and 3.1% annually.  The monthly pace of CPI rose above market expectations and triggered a brief reversal in equity markets. Fed officials have also...
ECONOMIC UPDATE 2.9.2024

ECONOMIC UPDATE 2.9.2024

1. FOMC INTEREST RATE DECISION The FOMC left its benchmark federal funds rate unchanged at its January policy meeting as improving inflation and consumer expectations data has reduced the committee’s need to continue its monetary tightening. Still, the timing of...
ECONOMIC UPDATE 1.26.2024

ECONOMIC UPDATE 1.26.2024

1. GDP Real US GDP expanded at a 3.3% annualized rate during Q4 of 2023, according to the advanced estimate from the US Bureau of Economic Analysis. The estimate surpasses the consensus projection of 2% and follows a 4.9% growth rate in Q3, bringing total 2023 US GDP...