Category Archives: Federal Reserve

September CPI Above Target But Within Expectations

Posted on October 18, 2026 by Stephen Percoco

The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.59% on a non-seasonally-adjusted (NSA) basis in September 2026. On a seasonally-adjusted (SA) basis, the increase was 0.65%. Using NSA figures, energy accounted for 0.275 percentage points (PP) or 47% … Continue reading →

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Recent Trends in the Economy and Financial Markets

Posted on September 15, 2024 by Stephen Percoco

Stocks logged another month of gains in August, but once again September, it has started off with a sharp sell-off. 

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Nice Speech, Mr. Powell, But Please Pay Attention to Housing

Posted on August 29, 2022 by Stephen Percoco

The stock market fell 3.3% on Friday, following Fed Chairman Jay Powell’s speech on monetary policy at the Jackson Hole Fed meeting.  Mr. Powell affirmed the Federal Reserve’s commitment to bring inflation down, which will probably take some time and … Continue reading →

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The Employment Situation and Outlook – December 2020

Posted on January 9, 2021 by Stephen Percoco

Yesterday, the Bureau of Labor Statistics estimated that nonfarm payroll employment declined by 140,000 in December.  The estimate for November was increased by 135,000.  The level of employment for December was therefore virtually unchanged from the November report.

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