About Keith Molyneaux
Posts by Keith Molyneaux…
Among the European Union members, Germany and its manufacturing sector have historically been the economic engine of Europe. In recent years, however, Germany has seen the most sluggish GDP growth of any advanced economy. The European powerhouse even saw negative real GDP growth in 2023. From the period just prior to the pandemic (Q4 2019) […]
U.S. job creation slowed to its lowest pace in nearly four years in October as the impacts of major storms in the southeast and labor disruptions weighed on the employment market. Nonfarm payrolls increased by just 12,000 last month, according to the Bureau of Labor Statistics. That’s down significantly from the month prior and well […]
The U.S. economy grew at a moderate pace in the third quarter, albeit at a slightly lower-than-expected pace than was expected. Growth was largely held aloft by consumer spending that has continued to defy expectations of a slowdown. Gross domestic product (GDP), which measures all the goods and services produced in the country, grew by […]
Inflation climbed slightly in September, as the Federal Reserve’s preferred inflation metric comes within spitting distance of policymakers’ target rate. The personal consumption expenditures (PCE) price index increased by a seasonally adjusted 0.2% last month from the month prior. On an annual basis, the index was up 2.1%. That is 0.2 percentage points lower than […]
The U.S. housing market continued its slump last month, with existing home sales falling to the lowest level in 14 years. Sales of previously owned homes, which account for the bulk of the market, fell 1% in September from the month prior to a seasonally adjusted, annualized rate of 3.84 million, according to the National […]