🌡️ Inflation

Consumer credit increased at a seasonally adjusted annual rate of 0.4% during the third quarter. Revolving credit increased at an annual rate of 8.6%, while nonrevolving credit decreased at an annual rate of 2.4%. In September, consumer credit increased at an annual rate of 2.2 percent.

Highlights: * Total nonfarm payroll employment increased by 150,000 in October. * The unemployment rate remained stable at 3.9%. * Job gains were seen in health care, government, and social assistance. * Employment declined in manufacturing due to strike activity. * The household survey showed little change in the unemployment rate (3.9%

TLDRS: * The Fed decided to maintain the target range for the federal funds rate at 5-1/4 to 5-1/2 percent. * They will continue reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities, as described in its previously announced plans. * "The Committee is strongly committed to

Wut Mean?: * Private sector employment increased by 113,000 jobs in October. * The jobs report provides a high-frequency, near real-time measure of U.S. employment based on actual payroll data from over 25 million U.S. employees. * No single industry dominated hiring; education and health care took the lead from

Wut Mean? Total compensation costs for civilian workers (includes wages, salaries, and benefits of workers in the private sector and in state & local governments—increased 1.1% 3-month seasonally adjusted and 4.9% seasonally adjusted, over the past 12 months the Bureau of Labor Statistics reported this morning. This was

The inflation index most favored by the Fed and the one they base policy actions off of, the core PCE price index (excludes food and energy products), re-accelerated in September from August (0.1% to 0.3%), as consumers continue to spend more and more on goods and services: Inflation