Global Economy Briefs
2022
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December Spending, Income, and Inflation Readings Disappoint
January 28 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)Comment on Personal Income & Outlays report for December
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Q4 2021 GDP Growth Rebounds to 6.9 Percent
January 27 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)Comment on US GDP report for Q4 2021
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December Retail Sales Plummet
January 14 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)Retail spending in December dropped $12.2 billion to $626.8 billion for the month – down 1.9 percent from the previous month and up 16.9 percent from a year ear
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December CPI Inflation Rises to 40-Year High
January 12 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)The Consumer Price Index (CPI) rose to 7.0 percent year-over-year in December, vs. an increase of 6.8 percent year-over-year in November.
2021
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Fed Signals Three 25bp Rate Hikes in 2022
December 15 | Dana M. Peterson, Chief Economist and Leader, Economy, Strategy & Finance Center, The Conference Board | Comments (0)As expected, the Fed delivered a hawkish policy statement at the December meeting, hastening the pace of quantitative easing tapering.
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Lackluster November Retail Sales Prompt Concern
December 15 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)November's modest uptick was below expectations and suggests that rising prices are curbing consumer spending power.
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2022 Salary Increase Budgets Are the Highest Since 2008
December 07 | Gad Levanon, PhD, Former Vice President, Labor Markets, The Conference Board | Comments (0)The November Conference Board Salary Increase Budget Survey portends a 3.9% jump in wage costs for firms in 2022, compared to 3% reported in April.
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Job Growth Weakens as Renewed COVID-19 Uncertainty Looms
December 03 | 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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October Retail Sales Robust as Holiday Period Begins
November 16 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)Retail spending in October rose $10.7 billion to $638.2 billion for the month – up 1.7 percent from the previous month and up 16.3 percent from a year earlier.
