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Market Minutes for May 20, 2024

By Alan Rhode

This past week, the headline Consumer Price Index (CPI) saw a modest increase of 0.3% month-over-month and 3.4% year-over-year. Additionally, the Producer Price Index (PPI) rose by a higher-than-expected 0.5% month-over-month, indicating potential inflationary pressures. Meanwhile, retail sales remained flat in April, falling short of market expectations and suggesting a cautious consumer outlook. Looking ahead, … Continued

Market Minutes for May 13, 2024

By Alan Rhode

This past week, consumer confidence experienced a decline, falling to 67.4 in May. Despite the weaker income growth observed in the early part of 2024, consumer spending has shown remarkable resilience. Real wages have continued to stay positive, contributing to an overall stable economic outlook. Looking ahead, several key economic indicators will provide critical insights … Continued