The first week of 2022 saw mortgage rates rise to kick off the New Year, pushing them to their highest levels since April of 2021.
Closing out 2021, the United States achieved a record-setting Core PCE Price Index. In doing so, Core PCE hit its highest level since 1989.
In a short week, core PCE shows inflation quickly soaring in time for the holiday season while investors worry about price increases
As the holiday season approaches, the inflation frenzy continues. Currently, the U.S. faces a cavalcade of supply chain disruptions.
This past week saw solid job gains amidst a packed week for mortgage markets, highlighted by key labor market data and a Fed meeting.
After months of slow recovery, inflation remains high. Meanwhile, the latest GDP reported showed a negative impact on supply chain growth.
The latest few months highlight the trend of the United States resurgence suffering. Key data revealed mixed results throughout the economy.
This past week, analysts and investors closely watched the latest employment report. Unfortunately, it revealed that job gains went down, falling short of expectations.
This week saw steady inflation results while the manufacturing sector performed better. Overall, the economic data revealed no significant surprises.
When examining July 2021’s economic reports, enormous job growth rippled across the economy as unemployment benefits abruptly ended.