What We Learned About the U.S. Economy Last Week
Weekly Economic Update: A brief, non-technical review of the previous week's U.S. economic data releases by Kevin A. Roth, PhD
Housing activity softened further in March. Here are the five things we learned from U.S. economic data released during the week ending April 21. Existing sales slowed in March. The National Association of Realtors reports that sales of previously owned homes dropped 2.4 percent to a seasonally adjusted annualized rate (SAAR) of 4.44 million. Sales were 22.0 percent... Continue Reading →
Consumers slowed their spending as they sent mixed signals about their mood. Here are the five things we learned from U.S. economic data released during the week ending March 31. Consumer spending slowed and inflation cooled off in February. The Bureau of Economic Analysis reports that real Personal Consumption Expenditures (PCE) slipped 0.1 percent after surging 1.5 percent... Continue Reading →
The Federal Reserve bumps up short-term interest rates again while stating that the banking system is sound.
