Inflation is Still High, but It Has Come Down Inflation is still high, at over two times the Fed target of 2 percent, but it has come down from 9 percent. The Consumer Price Index (CPI) rose 0.4 percent in April, on a seasonally adjusted basis, after increasing 0.1 percent in March, the US Bureau [...]
Optimism Rose for First Time Since December 2021 Optimism rose for first time since December 2021, according to the National Federation of Independent Business (NFIB) Small Business Optimism Index. July Consumer Price Index at 8.5 Percent The Consumer Price Index (CPI) released Wednesday, pegs inflation for July at 8.5 percent, a reduction, yes, but still [...]
The Annualized Inflation Rate Rose The annualized inflation rate rose to 7.9 percent, as the Consumer Price Index for All Urban Consumers, increased 0.8 percent in February after rising 0.6 percent in January. Let’s go Brandon! US Raw Steel Production Up from Previous Week In the week ending March 5, 2022 US raw steel production [...]
Small Business Optimism Index Rose 0.6 Points, Remaining Close to its Cycle High The National Federation of Independent Business (NFIB) Small Business Optimism Index rose 0.6 points, remaining close to its cycle high. Most key components rose, including capital spending and hiring plans. The Consumer Price Index (CPI) for All Urban Consumers (CPI-U) Rose 0.4 [...]
Small Business Owners Less Optimistic Small business owners less optimistic about the economic outlook, appear to be paring back capital spending and hiring. The National Federation of Independent Business (NFIB) Small Business Optimism Index fell 1.6 points to 103.1 in August. Wells Fargo US Drill Rigs Running Down Last Week There were 898 drill rigs [...]
Optimistic Future Conditions Suggested Fairly optimistic future conditions are suggested by indexes assessing the six-month outlook which improved noticeably, after slumping in January. The Federal Reserve Bank of New York Empire State Manufacturing Survey for February 2019 Reports Modest Growth The Federal Reserve Bank of New York released its Empire State Manufacturing Survey for February [...]
