Economic Update- January 30, 2023

Economic Update- January 30, 2023

1. GDP • Real GDP increased at a 2.9% annual rate in Q4 2022, according to the advance estimate by the Bureau of Economic Analysis. Economic output has slowed from Q3 2022, when real GDP grew at a 3.2% annual rate. • While recession fears have amplified heading into...

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Economic Update – January 13, 2023

Economic Update – January 13, 2023

1. CPI INFLATION • The Consumer Price Index (CPI) rose 6.5% year-over-year and just 0.1% month-over-month, according to the latest numbers from the Bureau of Labor Statistics — relatively in line with most industry estimates. The annual inflation rate has now fallen...

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Economic Update: December 30,2022

Economic Update: December 30,2022

1. Q3 GDP & CONSUMER SPENDING REVISED UP • The Bureau of Economic Analysis reported an upward revision to Real GDP in the third quarter of 2022, mainly reflecting a revised total in U.S. consumer spending. The latest estimate shows a 3.2% annualized increase in...

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Economic Update- December 2022

Economic Update- December 2022

1. FOMC INTEREST RATE DECISION • On December 14th, the Federal Reserve’s policy-setting committee raised their target Federal Funds Rate (FFR) range by 50 basis points to 4.25%-4.50%, slowing their speed of rate increases after four consecutive 75 basis point hikes —...

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