While this week showed little major news, the ISM national services index demonstrated unexpected gains in November 2022.
As expected the Fed announced a rate hike this week in their latest step to combat inflation while Employment neared its consensus.
The latest few months highlight the trend of the United States resurgence suffering. Key data revealed mixed results throughout the economy.
As expected, the latest European Central Bank announcement came out this week. After months, they finally announced the expected policy change in its bond purchase program.
Key labor market data revealed mixed results, including dampened job gains missing the mark. However, a better unemployment rate counterbalanced those job gains.
This past week marked disappointment in the labor market as job gains see a startling plummet. The major economic data accompanied by Friday's labor market report fell well below analyst expectations.