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About Keith Molyneaux

Posts by Keith Molyneaux…

Retail Sales Increased in April After Two Month Decline

Americans boosted their retail spending in April for the first time in three months as consumers struggled to keep pace with climbing interest rates and still-high inflation. Retail sales, which include spending at stores, online and in restaurants, climbed by a seasonally adjusted 0.4% in April from the month before, according to the Commerce Department. […]

Will the Fed Need to Raise Rates Again?

The Federal Reserve raised rates once again this week, bringing the benchmark interest rate to its highest level in 16 years, and Fed officials have signaled that they might be done increasing them for the time being. The recent spate of rate hikes was intended to slow economic activity in an effort to bring down […]

GDP Shows Economic Growth Slowed in First Quarter

Economic growth slowed considerably during the first three months of the year as higher interest rates and still-high inflation took hold, adding to worries about a further slowdown and possible recession later in the year. Strong consumer spending offset a pullback in business spending and investments and a slump in the housing market. U.S. gross […]

Fed’s Preferred Inflation Gauge Continues to Climb

Despite a yearlong effort to combat inflation, the Federal Reserve’s preferred inflation metric rose again in March. The core personal consumption expenditures (PCE) index, which excludes food and energy, showed that prices were up 0.3% from the month prior, in line with economist expectations. On an annual basis, the core PCE increased 4.6%, slightly above […]