Economy, Strategy & Finance Data Reactions
2022
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Retail Sales and FOMC Meeting Reactions
December 15 | Dana M. Peterson, Chief Economist and Leader, Economy, Strategy & Finance Center, The Conference Board | Comments (0)Nominal retail sales fell by 0.6 percent in November on fewer sales of durable goods and at department stores. In real terms, sales were likely more negative.
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Inflation eased again in November
December 13 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)3 Insights for What's Ahead on the November CPI data
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Job Growth Remains Strong
December 02 | Frank Steemers, Former Senior Economist, The Conference Board | Comments (0)Today’s jobs report showed another strong month of job growth, with 263,000 jobs added in November 2022, after an increase of 284,000 jobs in October.
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October data show progress on inflation & spending
December 01 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)While higher energy prices kept month-over-month PCE inflation flat at 0.3 percent, core PCE inflation dipped to 0.2 percent.
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Retail Sales Unexpectedly Strong in October
November 16 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)Even when adjusted for inflation, sales were the strongest seen since February, rising 0.8 percent from the previous month.
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October inflation saw some relief, but remains high
November 10 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)While these data show some progress in the Fed’s fight against inflation, we continue to expect additional interest rate hikes over the coming months.
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Robust Job Growth Continues
November 04 | 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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Fed says smaller hikes, but no pause on the horizon
November 02 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)Businesses should expect interest rates to continue to rise, but at a slower pace.
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Growth in wages and benefits remains elevated
October 28 | 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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Inflation continued to weigh on incomes and spending
October 28 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)September Personal Income & Outlays data show an economy that continues to grapple with inflation.
