1. INTEREST RATE HIKE On November 2nd, the FOMC voted to increase the Federal Funds Rate by 75 bps for the fourth consecutive time, taking the benchmark interest rate to its highest since early 2008. The current Federal Funds Target Rate sits at 3.75%-4.00. In the...

1. GDP Real GDP increased by an annual rate of 2.6%% in Q3 2022, according to the advanced estimate released by the Bureau of Economic Analysis (BEA). The increase follows two consecutive quarterly declines in Q1 and Q2, moderating some concerns that the US economy is...

1. INFLATION The Consumer Price Index (CPI) rose by 8.2% year-over-year through September and 0.4% month-over-month, according to the Bureau of Labor Statistics. This month’s 40 basis point increase comes after just a 10-bps increase in August. Shelter, food, and...

1. FED INTEREST RATE DECISION On June 14th, The Federal Reserve announced a pause in interest-rate increases as it assesses the effects of its tightening efforts on the economy, holding the target federal funds rate at 5.0-5.25% while signaling the likelihood of...