The U.S. labor market stood strong against headwinds in October.
Nonfarm payrolls increased 128,000 last month, higher than consensus estimates for an 85,000 gain. October’s payrolls beat expectations despite a 42,000 slide in auto
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Economic Commentary
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The Federal Reserve (Fed) could be three and done with interest rate cuts.
On October 30, the Fed reduced interest rates by 25 basis points (0.25%) in its third rate cut of the economic cycle. While the headline decision was dovish, the
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Gross domestic product (GDP) growth slowed for a third quarter, but the U.S. economy is still chugging along at an average pace.
GDP grew 1.9% in the third quarter, its slowest pace of growth since the fourth quarter of 2018, as shown in
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A U.S.-China trade truce wasn’t enough to spark global manufacturing activity in October.
Manufacturing activity around the world remains sluggish despite trade progress, according to preliminary Markit Purchasing Managers’ I
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The United Kingdom’s (U.K.) withdrawal from the European Union (E.U.), or Brexit, is stumbling along, and another delay looks increasingly likely.
The U.K. Parliament’s “Super Saturday” voting session last weekend
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U.S. leading economic indicators declined 0.1% in September, following a revised-down 0.2% decline in August.
The Conference Board’s Leading Economic Index (LEI) declined month over month, underwhelming Bloomberg estimates of a fla
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Elevated uncertainty has persisted on Main Street, according to the Federal Reserve’s (Fed) latest Beige Book.
In the Beige Book, the Fed presents qualitative observations made by community bankers and business owners—or &ldq
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The debate over the United Kingdom’s (U.K.) withdrawal from the European Union (EU), or Brexit, is reaching another milepost in what could be an action-packed week.
Talks between the U.K. government and the EU have entered “t
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Equity markets are rallying on Friday over optimism regarding the U.S.-China trade discussions. President Trump is set to meet this afternoon with Chinese Vice Premier Liu He, and that has many thinking some type of truce or at least a pause in the t
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Consumer prices grew at the fastest pace of the cycle for a second straight month in September.
As shown in the LPL Chart of the Day, the core Consumer Price Index (CPI), which excludes food and energy prices, rose 2.4% year over year la
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