For only the 2nd time in a decade, the Federal Reserve raised its short-term interest rate target. Meanwhile, both manufacturing output and retail sales were a bit soft during November.
More Job Creation, A Higher Estimate of Q3 GDP Growth: What We Learned During the Week of November 28 – December 3
The labor market continued to create jobs during November while the economy grew at a faster than previously believed pace during the summer.
Existing Home Sales Hit Post-Recession Record, Consumer Sentiment Surges: What We Learned During the Week of November 21 – 25
Existing home sales edge up, new home sales slip down, and consumer sentiment improves after the election.
