Category Archives: Economic News

Economic Update 11-07-2022 

The Federal Reserve Open Market Committee raised the fed funds rate today by another 0.75%, from 3.00-3.25% to 3.75-4.00%. The vote was unanimous, with no dissents. The formal statement language was hardly changed except for the addition of two lines, … Continue reading →

Economic Update 10-24-2022

Economic Update 10-10-2022

Dear, Well, gosh, here we are again. This last quarter started on a somewhat positive note with stocks rising until the middle of August. That cheer didn’t last however as uncertainties about rising interest rates and the direction of the … Continue reading →

Economic Update 10-03-2022

Economic Update 9-27-2022

The Federal Reserve Open Market Committee raised the fed funds rate today by another 0.75%, to a range of 3.00-3.25%. The vote was unanimous, with no dissents. The formal statement language was hardly changed at all, only noting an upgrade … Continue reading →

Economic Update 9-12-2022

Economic Update 8-30-2022 Economic data for the week included a slight upward revision in Q2 GDP, good results from consumer sentiment and jobless claims, little change in durable goods orders, while housing data continued to show weakness. Equity markets fell … Continue reading →