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Housing Starts In November Unexpectedly Soared

Dec 19, 2023
Brian Turner
A decline in mortgage rates and low housing inventory drove housing starts in November to a six-month high.

Retail and Food Services Sales Advanced in November

Dec 14, 2023
Brian Turner
Retail sales in November advanced after nonstore sales surged and food and drink sales registered healthy gains.

Fed Funds Rates Unchanged, 2023 GDP Growth Estimate Revised Higher

Dec 13, 2023
Brian Turner
The Federal Reserve held its key lending rate range steady for the third time in a row and left rates at a 22-year high, and policymakers laid the groundwork for cutting rates in 2024. The committee revised its higher 2023 economic growth projection, held the unemployment rate, and lowered its inflation outlook.

Wholesale Inflation Held Steady In November

Dec 13, 2023
Brian Turner
Wholesale inflation was unchanged in November from the previous month but rose at a slower pace from a year ago.

Consumer Price Inflation Slowed to 3.1%, Core Inflation Held Steady at 4%

Dec 12, 2023
Brian Turner
Consumer price inflation eased in November after energy prices declined, offset by higher food and shelter costs. Core inflation, which excludes food and energy prices, held steady at a level significantly ahead of the Fed's target rate of 2%.

U.S. Employment Expanded 199,000 In November, Jobless Rate Eased to 3.7%

Dec 8, 2023
Brian Turner
The US economy added more jobs in November than in the previous month, and September job gains were revised higher. The unemployment rate eased in November, and wages were consistent with market expectations.

U.S. Trade Deficit Expands Slightly In October

Dec 6, 2023
Brian Turner
The U.S. goods and services trade deficit expanded in October after exports fell and imports edged up slightly. The goods deficit widened faster than the increase in the services surplus.



Job Openings Declined to 30-month Low In October

Dec 5, 2023
Brian Turner
Job openings fell across several industries and in all regions across the nation, but new hires and quits were little changed in October.

PCE Price Index Slowed In October

Nov 30, 2023
Brian Turner
The personal consumption price index slowed in October, the inflation measure was flat from the previous month and fell from a year ago after the rise in service prices was offset by a decline in energy and goods prices.

U.S. Third Quarter GDP Growth Revised Higher to 5.2%

Nov 29, 2023
Brian Turner
Real gross domestic product increased at a faster than previously estimated annual pace after government spending and inventory investment were revised, offset by slower consumer spending.

New Home Sales In October Dropped, Median and Average Home Prices Eased

Nov 27, 2023
Brian Turner
New home sales in October softened from the previous month but soared from a year ago, despite mortgage rates rising to a two-decade high. The median and average home prices fell from the previous month and from a year ago.

U.S. Existing Home Sales Dropped to a Thirteen-Year Low

Nov 21, 2023
Brian Turner
The sale of previously owned homes in the U.S. declined in October from the previous month and from a year ago to the seasonally adjusted rate last seen in 2010.

FOMC Minutes: Members Prefer Restrictive Monetary Stance

Nov 21, 2023
Brian Turner
Rate-setting committee members were of the opinion that inflation is still too high and wages are still rising at a faster pace than needed to support the decline in inflation to the target level of 2%.

Monthly Wholesale Inflation Edged Lower In October

Nov 15, 2023
Brian Turner
October wholesale price inflation fell at the fastest pace since April 2020 after goods prices declined, but service prices were unchanged after rising for six consecutive months.



Retail Sales Declined After Rising Six Consecutive Months

Nov 15, 2023
Brian Turner
Retail and food services sales decreased from the previous month in October but rose from a year ago, and gasoline store sales and nonstore sales dropped at a faster pace.