U.S. Employers added 339,000 jobs in May defying expectations of a slowdown; unemployment rose to 3.7%. Carol VencilJune 5, 20232023
Shoppers are pulling back at Target, Home Depot as they face pressure from higher prices and borrowing costs. Carol VencilMay 19, 20232023
Retail sales will grow 4.0% - 6.0% in 2023 predicts the National Retail Federation. Carol VencilMarch 31, 20232023
Janet Yellen, Treasury Secretary, said the nation’s “banking system is sound”. Carol VencilMarch 17, 20232023
Silicon Valley Bank collapsed today in the second-biggest bank failure; the Federal Deposit Insurance Corporation (FDIC) has taken control of the bank. Carol VencilMarch 10, 20232023
Private Equity deal activity slowed following the June 2022 rate hike, per Bain & Company’s 2023 Global Private Equity report. Carol VencilMarch 3, 20232023
Today marks one year into Ukraine War; a moment of silence for the world. Year over year inflation was 6.5% in December 2022, down from June's rate of 9.1%. Carol VencilFebruary 24, 20232023
Fed Chairman said the labor market’s surprising strength “ shows you why we think this will be a process that takes a significant period of time”. Carol VencilFebruary 10, 20232023
Federal Reserve Bank of New York raised interest rates a quarter-point to 4.75%, noting inflation has eased somewhat. Carol VencilFebruary 3, 20232023
Domestic retail sales grew 5.3% over 2021 for the period November 1 thru December 31 per the National Retail Federation, weaker than expected. Carol VencilJanuary 20, 20232023
Mastercard SpendingPulse and Stephen Sadove reported that U.S retail sales, excluding auto, increased 7.6% YoY holiday season; noting “this holiday retail season looked different than years past”. Carol VencilJanuary 3, 20232023
