Joe Brusuelas

Consumer inflation eased slightly in December, with core CPI coming in at 3.2% on a year-over-year basis, below the 3.3% estimate. Headline CPI rose 2.9% year-over-year, in-line with expectations. The print is the latest economic data that the Federal Reserve will consider before its next interest...

The Personal Consumption Expenditures price index came in cooler-than-expected on Friday. PCE inflation growth reached 2.4% in November, up from 2.3% in October, but came in below economist forecasts of 2.5%.  Expert Ideas: Economists are weighing in on November's cool PCE data and what it...

October's Consumer Price Index rose from 2.4% in September to 2.6% in October, in line with economist predictions. Here's a look at what experts expect from the Federal Reserve in the months ahead.  Experts Weigh In: Minneapolis Fed President Neel Kaskari appeared on Bloomberg TV following the CPI...

The Federal Reserve lowered interest rates by 0.25 percentage points on Thursday, bringing the federal funds rate to a range of 4.5% to 4.75%. Economists are weighing in on what the policy path ahead may look like.  Michael Brown, senior research strategist at Pepperstone, sees the Fed...

Friday's jobs report showed that the U.S. economy added just 12,000 jobs in October, well below the estimates of 106,000 and the 223,000 jobs that were added in the previous month. But economist Joe Brusuelas says the weak number is in large part due to the Boeing Co (NYSE:BA) machinist strike and...

The September Consumer Price Index (CPI) report, set to be released on Thursday, Oct. 10 at 8:30 a.m. ET, will play a pivotal role in shaping the Federal Reserve's next move ahead of its Nov. 7 meeting. Economists anticipate further cooling inflation, largely driven by falling energy prices....

Editor’s Note: This article has been updated to correctly identify Joe Brusuelas as the chief economist with RSM US LLP. The frenzied unwinding of the Japanese yen carry trade — borrowing cheaply against the Japanese yen to buy high-growth stocks — may prompt the Federal Reserve to cut rates...

Data issued by Automatic Data Processing Inc (NASDAQ:ADP) on Wednesday raised concerns over the decelerating pace of monthly employment growth among private U.S. businesses. This marked the third consecutive month of declines as September numbers rolled in, and details of the report painted a...

Three of the leading U.S. automotive companies face uncertainties after a contract dispute with the United Auto Workers (UAW) union was not resolved Thursday night. Union workers at several Ford Motor Co (NYSE: F), General Motors Co (NYSE: GM) and Stellantis NV (NYSE: STLA) are now on...

In a move that came as no surprise on Wednesday, the Federal Reserve raised the federal funds rate by 25 basis points to a range of 5.25%-5.5%, marking the highest borrowing cost level since February 2001. Following a short hiatus in June, the rate hike resumed, accumulating a total increase of 5....

Despite increases in consumer spending, exports, federal government spending, state and local government spending, and nonresidential fixed investment, the U.S. gross domestic product (GDP) only grew at a 1.1% annualized pace in the first quarter of 2023, falling short of the market's expected...

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher by 0.4% on Wednesday morning after the Labor Department reported a 7% increase in the consumer price index in the month of December, the fastest inflation growth since 1982. What Happened: The headline CPI rose 7% in November, in-line with...

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded slightly higher Friday morning after the Labor Department reported a strong rebound in the U.S. jobs market in October. The U.S. added 531,000 jobs in October, exceeding consensus economist estimates of 450,000 jobs. The U.S. unemployment rate fell...

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded slightly higher Friday morning after the Labor Department reported its second straight disappointing monthly jobs reports. The U.S. added just 194,000 jobs in September, falling well short of consensus economist estimates of 500,000 jobs. The U...

After rising .5% in July, all consumer items tracked by the Bureau of Labor Statistics rose .3% in August. Over the year, all consumer items have risen 5.3%.  What Happened: Over the last year, the biggest complaint — and concern — for consumers and some economists...