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Wholesale Inflation Declined In May

Jun 14, 2023
Brian Turner
The annual producer price inflation declined for the eleventh month in a row in May to 1.1%, driven largely by a sharp fall in gasoline prices.

CPI In May Dropped to 4.0%

Jun 13, 2023
Brian Turner
Consumer price inflation declined in May reflecting lower energy prices and weaker food price inflation but rising housing costs continue to fuel overall inflation.

U.S. Trade Deficit Widened to 6-month High In April

Jun 7, 2023
Brian Turner
U.S. trade deficit widened in April and closely watched deficit with China stayed elevated despite the widespread talks of decoupling.

U.S. Economy Added 339,000 Jobs In May

Jun 2, 2023
Brian Turner
Employers in several sectors and industries continued to expand payrolls at elevated levels despite the rising interest rates and looming economic slowdown.

Increase In Job Openings Suggest Tight Labor Market Conditions In April

May 31, 2023
Brian Turner
Job openings unexpectedly increased in April, suggesting tight labor market conditions in retail, healthcare and transportation and warehousing.

Personal Spending Jumped 0.8% In April

May 26, 2023
Brian Turner
Personal income and disposable personal income increased 0.4% in April and personal outlay rose 0.8% from the previous month.

Inflation Measure PCE Index Accelerated In April

May 26, 2023
Brian Turner
Personal consumption expenditure price index stayed above 4%, indicating stubborn inflation forces despite multiple interest rate hikes by the Federal Reserve.

Durable Goods Orders Advanced 1.1% In April

May 26, 2023
Brian Turner
U.S. durable goods orders increased at a slower pace in April but closely watched capital goods orders excluding aircrafts rebounded in the month.

U.S. First Quarter GDP Revised On Upwardly Revised Consumer and Government Spending

May 25, 2023
Brian Turner
First quarter GDP was revised higher from the previous estimate after consumer spending, government spending and nonresidential fixed investment estimates were revised higher.

Existing Home Sales In April Dropped to 6-month Low

May 18, 2023
Brian Turner
Existing home sales in April declined for the second month in a row and extended a recent twelve-month slide interrupted only in January. Rising interest rates and elevated home prices and lack of inventory kept buyers away from the market.

Weekly Mortgage Applications Declined 5.7%

May 17, 2023
Brian Turner
Applications for a new home and refinancing declined in the week ending on May 12 after rates for conventional mortgages rose to a two-month high.

Higher Rates and Prices Weigh On Housing Market

May 17, 2023
Brian Turner
Housing starts and building permits declined and stayed at depressed levels in April compared to a year ago as higher prices and interest rates weighed on the market.

U.S. Import and Export Prices Rebounded In April

May 12, 2023
Brian Turner
U.S. import prices rose for the first time in four months in April led by a rebound in fuel prices. Export prices increased and rebounded from the previous month's decline after agriculture and non-agriculture costs advanced.

Producer Price Index Eased In April, 10th Monthly Slowdown In a Row

May 11, 2023
Brian Turner
Producer price index in April slowed to the lowest level since January 2021. The index was driven higher by portfolio management and gasoline prices and food and alcohol wholesaling and hospital inpatient and outpatient care.

CPI In April Eased to 4.9%, 10th Monthly Decline In Inflation Rate

May 10, 2023
Brian Turner
Consumer prices rose at a slower pace in April reflecting price decline in energy products and used vehicles and slight easing in food and shelter inflation. Prices are still rising across a broad range of products and services, keeping the inflation well above the Fed's target level.


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