Economy, Strategy & Finance Data Reactions
2022
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Core inflation offsets any improvement in energy prices
September 13 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)The Consumer Price Index (CPI) slowed slightly to 8.3 percent year-over-year in August, vs. 8.5 percent in July.
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Solid Job Growth, Labor Shortages Still Severe
September 02 | Frank Steemers, Former Senior Economist, The Conference Board | Comments (0)Commentary on today’s U.S. Bureau of Labor Statistics Employment Situation Report By Frank Steemers, Senior Economist, The Conference Board
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Consumer Spending Continues to be Buffeted by High Inflation
August 26 | Dana M. Peterson, Chief Economist and Leader, Economy, Strategy & Finance Center, The Conference Board | Comments (0)We expect the Fed to continue to raise rates into 2023 to tackle persistently high inflation.
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July retail sales flat as gasoline prices fell
August 17 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)Looking ahead, we expect consumer spending growth to fall into negative territory as the economy slips into recession.
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July inflation eased somewhat, but remains high
August 10 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)The Consumer Price Index (CPI) slowed to 8.5 percent year-over-year in July, vs. 9.1 percent in June.
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Labor Market Remains Robust, But Deceleration Expected
August 05 | Frank Steemers, Former Senior Economist, The Conference Board | Comments (0)Commentary on today’s U.S. Bureau of Labor Statistics Employment Situation Report
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June PCE inflation data may push Fed to continue large hikes
July 29 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)June Personal Income & Outlays data, released this morning, showed an economy that is continuing to grapple with inflation.
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No Sign of Slowing Wage Growth
July 29 | Frank Steemers, Former Senior Economist, The Conference Board | Comments (0)Commentary on today’s U.S. Bureau of Labor Statistics Employment Cost Index
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US economy not yet in recession, despite negative Q2 GDP
July 28 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)While negative, this quarterly annualized growth rate was an improvement from the -1.6 percent rate seen in Q1 2022.
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Hawkish Fed will likely spark recession in late 2022
July 27 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)As expected, the Fed hiked interest rates by 75 basis points today - the fourth consecutive increase this year and the second 75 basis point hike in a row.