Economic Trends

Well, the big bad news hit Wednesday with the Federal Reserve raising its overnight interest rate by half a percentage point, a move not seen in 22 years, and of course, that was followed by the Dow dropping over 1,000 points yesterday. The Bureau of Labor Statistics (BLS) announced at the beginning of this week…

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Economic Trends

Although the January jobs report, which some analysts project will be bleak, will not be released until later this morning, there are still ominous signs elsewhere for the U.S. economy. As the omicron variant of COVID began to surge in December, some 4.3 million workers quit their jobs with the highest percentage of those quitting…

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Consumer and Economic Trends

The latest monthly Survey of Consumers conducted by the University of Michigan reveals that final consumer sentiment readings for August dropped nearly 11 points compared to the July numbers. At a rating of 70.3, the poll results show the least favorable economic prospects recorded by the survey in a decade and seemingly reflects a knee-jerk…

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Consumer and Economic Trends

According to the monthly Survey of Consumers conducted by the University of Michigan, consumer sentiment fell by 4.3 points in July compared to June numbers. Unease about the economy was concentrated on inflation as consumers face higher prices, notably on homes, vehicles, and household durable goods. A separate poll, conducted by the Job Creators Network…

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