Key Highlights Inflation and Auto Pricing Headline inflation, according to the consumer price index (CPI), increased by 0.2% in August, as expected, with the core CPI, excluding food and energy, seeing a more-than-expected growth of 0.3%. Interestingly, new-vehicle prices remained…

Key Highlights August Job Growth In August, job growth reaccelerated modestly but fell short of expectations, reflecting a mixed performance across various sectors. Revisions and Trends Recent revisions to job numbers and broader trends highlight a more nuanced picture of…

Highlights: Gross Domestic Product (GDP) and Consumer Spending The GDP growth in the second quarter was revised up to 3.0% annualized from the initially estimated 2.8%. Personal Consumption The Personal Consumption Expenditure Index (PCE), the key gauge of inflation that…

Highlights: Fed’s Rate Cut Anticipation Last week was a big week for gathering further insights into the Fed’s likely course of action in its next decision on monetary policy on Sept. 18. The notes from the July meeting were released,…

Highlights: Headline Inflation and Core CPI The July CPI report affirmed continued declines in year-over-year inflation to the lowest level since March 2021. Shelter drove 90% of the July monthly increase, and without shelter, inflation is under the Fed’s target.…

Highlights: New-Vehicle Average Transaction Pricing Despite slight variations, the average transaction price of a new vehicle remained statistically unchanged from June at approximately $48,401. This reflects a minor dip of 0.2% year over year, but overall, an impressive increase of…

Highlights: A Closer Look at the Job Market The job market in July saw a significant slowdown in growth. There were 114,000 new jobs created, far short of the anticipated 175,000. This resulted in an increase in the underemployment rate,…