U.S. retail sales accelerated in October after three consecutive months of mixed results. On a seasonally adjusted basis, retail sales increased 1.3%, providing further support that the American consumer remains well capitalized and willing to spend. As Americans continue to spend
The US midterm elections will result in a split congress with Democrats maintaining control of the Senate while Republicans will likely win a narrow majority in the House. As a result, I do not expect any sweeping legislation in the next two years
The U.S. economy received another positive sign last Friday, as the October jobs report once again outperformed expectations. While the overall number of new jobs added was the lowest since the end of 2020, the 261,000 new positions exceeded analyst expectations.
Inflationary pressures remain the most important topic in the U.S. economy and this week we will have a glimpse into how higher prices are impacting consumer and corporate spending, as earnings will be released for the largest tech companies.
The persistent inflation that has made headlines throughout 2022 refuses to subside, as the recent September price increases showed more generational growth. This time it was core CPI, a measure that removes food and energy prices, which tend to be more volatile.