U.S. selected services total revenue for the fourth quarter of 2023, adjusted for seasonal variation but not for price changes, was $5,398.9 billion, an increase of 1.9 percent (+/- 0.6 percent) from the third quarter of 2023 and up 6.6 percent (+/- 0.6 percent) from the fourth quarter of 2022. 4th Qtr 2023: +1.9 % Change3rd Qtr 2023 (r): +0.7 % Change ... See MoreSee Less
The transformations of downtown areas have flummoxed people, with some yearning for 2019 and others looking for a new vision. In Seattle, weekday foot traffic is at 51% but tourism is booming as is the core residential population. buff.ly/498PhtT... See MoreSee Less
Oil rose, ending four straight days of losses, after an industry report pointed to shrinking US crude stockpiles, offsetting wavering OPEC cuts. West Texas Intermediate futures rose to trade near $78 a barrel after falling 2% over the previous four sessions as the industry-funded American Petroleum Institute reported crude inventories slid by 5.5 million barrels last week. ... See MoreSee Less
The increase in February’s annual consumer price index was largely stoked by services such as motor insurance and healthcare and will play an important part in the Fed’s thinking as it prepares to release new economic projections next week. ... See MoreSee Less
There is an interesting human phenomenon that is impacting how people judge the economy. "I just think this item should cost less" is a challenge since pricing is mostly a private matter and not an aspect of policy. Read more from WSJ: buff.ly/3wP5DtT... See MoreSee Less
Underlying US inflation topped forecasts in February, with prices jumping for used cars, air travel and clothes. The so-called core consumer price index, which excludes food and energy costs, increased 0.4% from January. Other than the upcoming release of the producer price index, this is the last major inflation report before the Federal Reserve meets next week ... See MoreSee Less
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