ECONOMIC HEADLINES
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President Biden and Speaker McCarthy have reached a deal to suspend the debt ceiling.
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Stocks were mixed last week, but the Nasdaq posted its fifth straight weekly gain.
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Jobless claims ticked up, while data from prior weeks was revised lower after a surge in fraudulent claims in Massachusetts.
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Orders for durable goods rose for the second straight month in April.
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The Fed’s preferred measure of inflation rose more than expected in April.
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U.S. economic growth in the first quarter was revised higher.
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The Federal Reserve has developed a new measure of credit and financial market sentiment using data from Twitter.
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U.S. economic output hit a 13-month high in May.
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35% of adults surveyed by the Fed said they were worse off financially in 2022 than the prior year.
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Foreign-born workers comprised 18.1% of the labor force last year, up from 17.4% in 2021.
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According to FactSet, executives at S&P500 companies are talking less about recession on earnings calls.
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A new report by LendingClub found that 49% of people earning more than six figures live paycheck to paycheck.
- Germany’s economy entered a recession in the first quarter of 2023.
