The U.S. economy, specifically the employment market, remains stalwart as growth continued in May. Roughly 340,000 new jobs were added last month, giving many economists hope that we may avoid a recession this year.
The Personal Consumption Expenditures Index (PCE) increased unexpectedly last month, which has given economists doubt that the Fed is finished with their current monetary tightening campaign.
This will be an important week both from a data and commentary perspective as it relates to the Fed’s future decisions on monetary policy.
I anticipate a quiet week on the economic front, as none of the major indicators will be released this week.
The U.S. economy continues its trend of stabilization as we move into May, with job growth remaining the strongest aspect of our nation’s economy.
Share This Post The Fed will meet on Tuesday and Wednesday this week, and economists anticipate another interest rate hike of 25 basis points, bringing
Share This Post The first estimate of Q1 GDP was released this week, and the U.S. economy grew at a 1.1 percent annualized pace to
Share This Post Inflation took a significant step toward returning to normal in March as the CPI registered 5% annual growth for the first time
Share This Post For much of the past two years, the employment market has been the anchor of the U.S. economy, as strong job growth
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