Heavy Data Week Offers Mixed Picture Last week was packed with economic developments, as reports poured in from all directions. We saw the release of second-quarter Gross Domestic Product (GDP) figures, the broadest measure of goods and services produced, alongside...

One Big Beautiful Bill and You Signed into law on July 4, the One Big Beautiful Bill (OBBB) Act introduces sweeping changes into the tax code that could influence how you plan for and pay your taxes. Given the depth and complexity of the new law, our review is not...

Tariffs Begin to Bite At first glance, June’s Consumer Price Index (CPI) was reassuring. The US Bureau of Labor Statistics reported that the CPI rose 0.3% in June as expected, while the core CPI, which excludes food and energy, rose a smaller-than-forecast 0.2%, per...

Inside the Front Door of the Housing Market Home sales have fallen sharply over the last three years, with sales near the levels we last saw in 2008, according to the National Association of Realtors. Yet, unlike in 2008, housing prices haven’t collapsed this time...

A Quirky Jobs Report The US Bureau of Labor Statistics reported that nonfarm payrolls rose 147,000 in June, topping the forecast of 110,000 (Wall Street Journal), while the unemployment rate fell to 4.1% in June from 4.2% in May. Private sector jobs rose a more muted...

The Fed Hits Snooze on Policy Moves It came as no surprise that the Federal Reserve maintained its benchmark rate—the fed funds rate—at 4.25% to 4.50% during last Wednesday’s meeting. Despite the moderation in the rate of inflation, central bankers didn’t hint at any...