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Economic Update for the week ending August 27, 2022

Aug 27, 2022 Stocks sold off Friday to end the week down sharply - After Federal Reserve Chairman Jerome Powell’s speech at the Fed’s annual symposium in Jackson Hole on Friday the Dow dropped more than 1,000 points, a 3% drop. The S&P dropped by 3.4%,...

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Economic update for the week ending August 6, 2022

Aug 6, 2022 The U.S. economy added 528,000 new jobs in July - The Department of Labor and Statistics reported that 528,000 new jobs were added in July. This massive number of new jobs created was over double the 250,000 new jobs that analysts had expec...

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Economic update for the week ending July 30, 2022

Jul 30, 2022 Stock markets had an incredible week - Stock markets ended the week higher despite a .75% rate hike by the Fed and a second quarterly decline in GDP. The Fed hiked its key interest rates by .75% on Wednesday. Some investors feared a full one pe...

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