August 2022 Unemployment Rate Falls to Lowest Level in Decades
This week, the highly anticipated labor market data came out, highlighted with the surprising drop in the August 2022 unemployment rate.
Mortgage Rates Achieve Highest Levels in Over 10 Years
As central banks around the world maintain an aggressive policy stance, mortgage rates achieved their highest levels in over 10 years.
August 2022 CPI Report Now Leads to Climbing Mortgage Rates
With the August 2022 CPI report, investors fully understand the driving force behind climbing mortgage rates.
August 2022 Employment Data Reveals New Labor Market Results
This week saw the release of the highly anticipated August 2022 Employment data. Overall, the report displayed mixed results for the labor market.
Unexpectedly Strong Job Gains Across the Board
With the release of last week’s Employment report, the United States reported unexpectedly strong job gains across the board.
75-Basis Point Increase Matches Largest Since 1994
Although this week’s Federal Reserve meeting revealed no surprises, the Fed launched its 75-basis point increase. Notably, this federal funds rate hike matches the largest since 1994.
First ECB Rate Increase in 11 Years After Record Inflation
As the European Central Bank faces record-high inflation levels, this week’s biggest news marked the first ECB rate increase in 11 years.
Wednesday’s CPI Inflation Report Now Showed 9.1% Gain This Year
This week, Wednesday’s CPI inflation report display stronger than expected results with a 9.1% gain this year.
Job Gains Look Strong with More Than 350k Jobs Added to The Economy
Job Gains were better than predicted despite a consensus forecast of just 250,000, the economy added 372,000 jobs in June.
Low Consumer Confidence Will Bring Big Changes In Spending Habits
Low consumer confidence should be no surprise with the continuously rising rate of inflation and interest rates. The monthly report on consumer confidence published by the Conference Board has been receiving more attention lately, since it may provide information on upcoming spending habits.