Economic Growth Remains Strong

U.S. economic growth remains strong as the year ends. However, there is evidence that growth is slowing a bit.

Real gross domestic product (GDP) increased at an
annual rate of 3.4 percent in the third quarter of 2018, according to the
“third” estimate released by the government…

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Inflation Unchanged in November

The government’s key measure of consumer inflation was
unchanged in November on a seasonally adjusted basis after rising 0.3 percent
in October, the U.S. Bureau of Labor Statistics reports.

Specifically, the Consumer Price Index for All Urban Consumers
(CPI-U) was unchanged in November.

Over the last…

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Inflation Stays Moderate

The Fed is pushing up interest rates, afraid that the strong economy will create inflation. So far, inflation is staying close to the 2.2 percent figure that economists target.

For instance, the government reports that The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent…

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Looking at The Cost of Living by State

State personal consumption expenditures (PCE) increased on average 4.3 percent in 2017, an acceleration from the 3.8 percent increase in 2016, according to statistics released today by the Bureau of Economic Analysis.

The percent change in PCE across all states ranged from 6.9 percent in Idaho to…

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CEO’s Grow Less Confidence

The world’s bosses (Chief Executive Officers) grew less confident in the third quarter, according to The Conference Board.

The Conference Board Measure of CEO Confidence, which had decreased slightly in the second quarter of 2018, declined again in the third quarter.

The Measure now reads 55, down from 63…

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