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USO 
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FXA 
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FXB 
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FXC 
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FXE 
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FXF 
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FXY 
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UUP 
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CORN 
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PCE Comes in Hot, Spending Increases.

PCE

A key index of U.S. prices ticked higher, indicating that the economy continues to experience high inflationary pressures. According to Friday’s government report, the index closely monitored by the Federal Reserve showed a 0.4% increase in prices from March to April, surpassing the previous month’s 0.1% rise. On a year-over-year basis, prices rose 4.4% in […]

Comin’ In HOT!!!!!! PPI Data Shoots Up

PPI

PPI Comes In Hot, Increasing .7%   PPI ⬆️ .7% Final Demand Less Energy, Food, Trade ⬆️ 4.5%   The Producer Price Index for final demand increased 0.7 percent in January, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices declined 0.2 percent in December 2022 and advanced 0.3 percent in […]

CPI Up, Real Earnings Down.

CPI

  CPI Inches Up to 6.4%, Real Earnings Down 1.8% Today’s CPI report showed the seventh straight month, prices decreased on a yearly basis to 6.4% from 6.5%, marking the smallest increase since October 2021. However, inflation rose by 0.5% on a monthly basis, up from 0.1% in December. Used car prices and medical care […]

Consumer Sentiment Index Report

CSI

Economic Report Data CSI   Today’s Consumer Sentiment Index Report   Preliminary Results for February 2023                                                                               […]

Economic News Update: Video

Economic News

Monday Morning Market and Economic News update, John Caruso recaps market performance from last week. JOLTS update, Fed interest rate hike. 5% is likely for the next meeting of the Fed. Is Powell starting to become less hawkish? Watch John’s chart review of the S&P 500, VIX, Gold, and more. Be sure to subscribe to […]

Deese Out! White House Confirms Director of NEC’s Departure

NEC Director

National Economic Council Director Steps Down. NEC Director Brian Neese Resigns. President Joe Biden’s top economic adviser, Brian Deese, is leaving his post. Biden said Thursday in a statement that Deese would step down as director of the White House National Economic Council. In a statement moments ago Deese said “It has been an unspeakable […]

Income Up, Spending Down, Ahead of Fed Meeting

BEA Income & Outlays

Personal Income Increased, Spending Drops. Personal income increased $49.5 billion (0.2 percent) in December, according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $49.2 billion (0.3 percent) and personal consumption expenditures (PCE) decreased $41.6 billion (0.2 percent). The PCE price index increased 0.1 percent. Excluding food and energy, the PCE price index increased […]

PPI Remains Hot, Despite December Drop.

Producer

Wholesale Inflation Falls to 6.2% Beating Estimates, Continuing the Decline Seen in the Last Half of 2022.   U.S. producer prices fell more than expected in December. Leading the decline was a drop in energy and food prices. December PPI final demand decreased 0.5%. Data for November was revised lower to show the PPI rising […]

Zero-COVID Takes a Toll on PRC’s GDP

China's GDP

China’s economic growth is slowing as GDP data show Xi Jinping’s Zero-COVID policy Hammered the economy. The National Bureau of Statistics of China announced that the country’s GDP by 3% in 2022.  Falling significantly short of the 5.5% increase expected by Chinese officials. The data revealed the impact of the government’s zero-COVID policy. The GDP […]

World Bank Makes Downward Revision to Economic Outlook

World Bank Makes Downward Revision to Economic Outlook New analysis by the World Bank, a Global recession in 2023 and financial crises in emerging market and developing countries may cause permanent damage to the world economy. The revised growth prediction this year went from 3% to 1.7%, which would be the 3rd worst year for […]