ECONOMIC UPDATE – JUNE 16, 2023
1. FED MEETING MINUTES Minutes from the FOMC’s May 2-3 policy meeting showed that central bank policymakers were split on the decision to continue raising interest rates or pause increases during its most recent vote. Ultimately, the decision to raise rates by 25 basis points in May was unanimous. However, the minutes signal that officials […]
MAY 26, 2023
1. FED MEETING MINUTES Minutes from the FOMC’s May 2-3 policy meeting showed that central bank policymakers were split on the decision to continue raising interest rates or pause increases during its most recent vote. Ultimately, the decision to raise rates by 25 basis points in May was unanimous. However, the minutes signal that officials […]
MAY 12, 2023
1. CPI INFLATION RATE US annual inflation continues to decelerate through April. As reported by the BLS, the Consumer Price Index grew 4.9% year-over-year as of the most recent reading. The current pace of growth indicates a slowdown compared to the 5% year-over-year growth witnessed in March, signaling a gradual easing of inflationary pressures. Despite […]
APRIL 28, 2023
1. Q1 2023 DGP The US economy grew at an annualized rate of 1.1% during the first quarter of this year, slowing significantly from the Q4 2022 annualized rate of 2.6% and registering well below the Dow Jones consensus forecast of 2.0%. Growth in Q1 primarily reflected an increase in consumer spending partially offset by […]
