|Bid||48.48 x 600|
|Ask||49.57 x 4100|
|Day's Range||48.58 - 48.65|
|52 Week Range||48.52 - 49.66|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.06%|
The CPI (consumer price index) measures the changes in prices at a consumer level. The CPI is the weighted average price of a basket of goods and services at the consumer level. The CPI includes food, medical care (XLV), transportation, housing, apparel, recreation, education and communication, and other goods.
In the FOMC’s January statement, the committee said that information received since the last meeting indicated that the US economic activity has been increasing at a solid pace. Also, the labor market has continued to strengthen. The economic outlook remained positive—taking the gains in employment, household spending, and business (VOO) investment into account.
What Boosted the Leading Economic Index in 2017? In its December meeting, the US Federal Reserve increased the federal funds rate by 0.25%, just as markets expected. This led to the narrowing of credit spreads between long-term and short-term yields, resulting in a flattening yield curve.
Did US Consumers Increase Spending in 2017? Personal consumption expenditures (or PCE), as defined by the Bureau of Economic Analysis (or BEA), is the value of the goods and services purchased by, or on the behalf of, people who reside in the United States. The US Fed considers the PCE inflation rate when making monetary policy decisions, as the PCE inflation (CPI) reflects the actual increase in prices for consumers.
Did US Consumers Increase Spending in 2017? The Bureau of Economic Analysis (or BEA), which is a part of the US Department of Commerce, releases a monthly report on personal income, disposable personal income, and the personal consumption expenditures of US consumers. 2017 has been a strong year for consumers helped by a tightening labor market, which led to an increase in salaries in the private sector.
Each day, Benzinga takes a look back at a notable market-related moment that happened on this date. What Happened? On this day 21 years ago, the U.S. Treasury introduced the first Treasury Inflation-Protected ...
The CPI (consumer price index) measures the price changes at a consumer level. The PPI (producer price index), which we discussed in the previous part, tracks the prices at a wholesale level. The CPI is a weighted average price of a basket of goods and services at the consumer level.
The Fed rolled out another rate hike at its final meeting of 2017. The target range for the federal funds rate was increased by 0.25% to 1.25%–1.50%, and the Fed has…
The last statement from the US Fed, which was released with its recent rate hike decision, cited lower levels of inflation but hopes that the inflation target could be achieved in 2018.
A lower unemployment rate is one of the key objectives of the Fed. In 2017, the unemployment rate fell, reaching 4.1% in its latest November reading.
In its December monetary policy statement, the Fed projected three interest rate hikes in 2018 and three in 2019, depending on the incoming economic data.
St. Louis Fed president and CEO James Bullard gave a presentation at a regional economic briefing on December 1. Previously, we looked at the causes of yield curve inversion. In this…
The pace of interest rate hikes and inflation rate growth have a profound influence on the US yield curve. The US Fed has been communicating its intent to increase interest…
The proposed tax cuts and the resulting increase in the federal deficit are expected to impact bond markets. It's important to consider the Fed's stance.
The inability of employers to find suitable workers is leading to wage increases, especially in the professional, technical (XLK), and production (XLI) sectors.
The increase in price pressure, although reassuring for the Fed, might not lead to a higher rate of inflation in the short term.
In his speech at the 2017 Asia Economic Policy Conference on November 16, 2017, John Williams, CEO of the Federal Reserve Bank of San Francisco, spoke about the history of monetary policy.
The November Conference Board report, which takes October data into account, reported the credit spread at ~1.2—an improvement from the September reading of ~1.1.
At the November meeting, the FOMC staff review indicated that US labor market conditions continued to strengthen and that the US economy continued to expand at a solid pace.
The last Federal Open Market Committee (or FOMC) meeting took place on October 31–November 1. The target range for the federal funds rate stayed unchanged at 1%–1.25%.
Among the key macroeconomic indicators published by the Fed, capacity utilization in US industries helps investors forecast business cycle changes.