Category Archives: Economic News

Economic Update 12-18-2023  U.S. stocks experienced gains for the seventh straight week as investors cheered the Federal Reserve’s dot plot, released after the meeting, which alluded to no additional expected rate hikes in addition to four cuts in 2024. This … Continue reading →

At the December meeting, the Federal Reserve Open Market Committee held the Fed funds rate steady at 5.25-5.50%, where it’s stood since July. There were no dissents.  The formal statement was minimally changed with a notation that economic growth ‘has … Continue reading →

Economic Update 12-11-2023  U.S. stocks earned small gains last week. Early in the week, stock sentiment turned negative as doubts that the Fed would cut rates sooner than later began to sink in, with some consternation about how the Friday … Continue reading →

Economic Update 12-04-2023  U.S. stocks fared positively to end November. In fact, the month’s S&P total return of 9.1% was the best single month in over a year. Positive sentiment was related to slower PCE inflation reading during the week, … Continue reading →

Economic Update 11-27-2023 

Economic Update 11-20-2023 

Economic Update 11-13-2023 

Economic Update 11-06-2023  U.S. stocks experienced sharp gains last week, in fact the best week of 2023 thus far. Early week results were strong with news of a tentative agreement between the United Auto Workers and GM. The somewhat dovish … Continue reading →

The Federal Reserve Open Market Committee kept the Fed funds rate unchanged today at 5.25-5.50%. The vote was unanimous. The formal statement wording was minimally changed, but with more important underlying meaning. Economic activity was upgraded from ‘solid’ to ‘strong,’ … Continue reading →

Economic Update 10-30-2023 

Economic Update 10-23-2023 

Economic Update 10-17-2023