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Economic update for the week ending October 15, 2022

Oct 18, 2022 Stock markets had a turbulent week - Treasury bond yields and mortgage rates moved higher on continued inflation fears - There were two key inflation reports this week. The producer price index came in at an 8.5% year-over-year increase. That w...

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Economic update for the week ending October 8, 2022

Oct 8, 2022 The U.S. economy added 263,000 new jobs in September - The unemployment rate dropped to a 52-year low - The Department of Labor and Statistics reported that 263,000 new jobs were added in September. The unemployment rate dropped to 3.5%, a...

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Economic update for the week ending September 24, 2022

Sep 26, 2022 Stock markets had another disastrous week - The Fed increased their key rates by another .75% on Wednesday. They also said that they expect to increase rates by another 1.25% by the end of the year. Stocks slid, and bond yields and mortgage ra...

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