Consumer prices rose 7.7% vs. October 2021, reports the US Department of Labor – which is the smallest 12-month increase since January 2022. Carol VencilNovember 11, 20222022
The Federal Reserve Bank of New York raised rates another 0.75% and signaled more was coming, noting “the path for a soft landing is narrowed although hard to say and still possible". Carol VencilNovember 4, 20222022
US inflation-adjusted GDP rose 0.6% in the third quarter following two consecutive quarters of decline, per the U.S. Department of Commerce. Carol VencilOctober 28, 20222022
September retail sales were flat vs. last month due to higher prices cutting into consumer spending power (still up 8.2% YOY), reports the U.S. Census Bureau. Carol VencilOctober 21, 20222022
U.S inflation eased slightly in September to 8.2% with underlying prices excluding energy and food accelerating to a four-decade high. Carol VencilOctober 14, 20222022
Employers added 263,000 jobs in September down from August; the unemployment rate fell to 3.5% per U.S. Department of Labor. Carol VencilOctober 7, 20222022
Inflation did not ease in August, with an 8.3% rise in the Consumer Price Index, reported the Bureau of Labor Statistics. Carol VencilSeptember 16, 20222022
Consumer spending edged up .01% in July as inflation remains four decades high. Carol VencilAugust 26, 20222022
July’s inflation reading eased to 8.5% vs. LY, a good sign although the annual rate remained close to four-decade high. Carol VencilAugust 12, 20222022
The US economy does not appear to be in a recession and remains unlikely to enter one this year per National Retail Federation chief economist. Carol VencilAugust 5, 20222022
Inflation in June reached 9.1%, per the Bureau of Labor Statistics, the largest increase in 41 years. Carol VencilJuly 15, 20222022
U.S. consumer spending eased in May as shoppers faced historic inflation levels. Carol VencilJune 30, 20222022
Luxury goods market shows resilience and is expected to grow by 10-15% in 2022 over 2021 per Bain & Company’s Luxury Goods Worldwide study. Carol VencilJune 24, 20222022
U.S. inflation eased in April for the first time this year; inflation is hitting lower-income households hardest, economists report per the The Wall Street Journal. Carol VencilMay 27, 20222022
