The markets bounced back today after a rough week, with investors feeling relieved due to optimism that a government shutdown won’t happen, progress in Ukraine-Russia peace talks, and signs that inflation is cooling, despite tariffs.
Read More Markets Bounce Back, Inflation Cools, But Consumer Sentiment Takes A Hit – Why?
Consumer confidence is taking a hit, with the U.S. Index of Consumer Sentiment dropping to 64.7, down from 71.7 last month and significantly lower than 76.9 a year ago—representing a 9.76% decline in just one month and nearly 16% since last year
Read More Consumer Confidence Dips As ‘Biden-Flation’ Concerns Persist
Inflation on the wholesale side rose twice as much as expected to 0.6% in February. The Labor Department’s report also shows PPI over the last 12 months ending in February hit 1.6%.
Read More Wholesale Inflation Soars in February: Wealth Advisor Weighs In
Strong jobs data coincides with planned mass job cuts. Today’s January jobs report showed that 353,000 jobs were added.
Read More January Job Report Reveals Robust Growth Amidst Economic Uncertainty
Inflation went up to 3.2% year-over-year, down from 3.7% in September.
Read More Inflation Slows To 3.2% YoY, Marking Lowest Increase Since March 2021: CPI Report
The August jobs report indicates that U.S. employers added 187,000 jobs last month, surpassing expectations, according to the Bureau of Labor Statistics.
Read More August Jobs Report: Job Growth Slows, Rising Unemployment Rate