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US Core PCE Prices Post Smallest Monthly Rise Since Late 2020
The Federal Reserve’s preferred measure of underlying inflation rose at the slowest monthly pace since late 2020, helping to lay the groundwork for policymakers to forgo an interest-rate hike at their next meeting.
The core personal consumption expenditures price index, which strips out the volatile food and energy components, climbed 0.1% in August...

Unemployment claims are weekly reports of the number of people who have filed for unemployment benefits for the first time. These claims are an important indicator of the health of the labor market, as they can provide early warning signs of economic recessions or expansions.
In the United States, unemployment claims are filed with state governments. The US Department of Labor then compiles the data and publishes it on a weekly basis.
The numbe...

The U.S. government may face its fourth shutdown in ten years if an agreement isn't reached by the end of this week. A bipartisan Senate bill that aims to fund the government until mid-November has been turned down by House Republicans. If no agreement is reached, hundreds of thousands of federal workers might lose their jobs temporarily, and many services would be forced to pause.
While the Senate has shown support for a funding bill, including $6 bi...

The U.S. economy has steady growth during the Q2 2023, matching experts' expectations. For what’s important, the gross domestic product (GDP) saw a growth of 2.1% in this period, while the first quarter was revised to reflect a 2.2% growth rate, up from the initial 2.0% report. 
Historical GDP data was also updated due to new information and improved methods. Interestingly, GDP for the early months of 2020, 2021, and 2022 was lowered as consumers spending was less than...