The Consumer Price Index Drops for the First Time in Over a Year.

The Bureau of Labor and Statistics reported today that the Consumer Price Index dropped 0.3%, the first time in 13 months to be exact (February 2016). The CPI is an indicator that measures the weighted average of a basket of goods and services. This comes after a small increase of 0.1% in February. One might … Continue reading The Consumer Price Index Drops for the First Time in Over a Year.

Would You Like More Debt? If so, Then You Are in Luck.

The CBO(Congressional Budget Office) released their March 2017 10-year budget and economic projections and let me tell you, it does not look good. As of right now, 77% for the federal debt is held by the public. The CBO states that "if current laws generally remained unchanged, the Congressional Budget Office projects, growing budget defictis … Continue reading Would You Like More Debt? If so, Then You Are in Luck.

Chicago Fed National Activity Index. What is it and how important is it?

Lets try to make this nice and simple. I'll be honest. I have been following economic indicators since my college days and for some unknown reason, I have not come across this indicator. This is no ordinary economic indicator either. The Chicago Fed National Activity Index (CFNAI) is released monthly and is the weighted average of … Continue reading Chicago Fed National Activity Index. What is it and how important is it?

Rate Up Tick Likely? Federal Open Market Committee Meeting Begins Today

In December of 2016, the Federal Reserve raised the Federal Funds Rate rate by 0.25% for the first time in over a year, which is still a historic low, to a rate of 0.50%. The Federal Funds Rate is the interest rate banks at which banks charge each other when giving overnight loans to one another. Banks … Continue reading Rate Up Tick Likely? Federal Open Market Committee Meeting Begins Today