January's Economic Review 2024
January Economic Review 2024 AT A GLANCE - Key Economic Events and Data released during December 2023 Interest Rates: The 10-year Treasury yield fell to 3.88% (Dec 29) from 4.37% (Nov 30). Housing: November Existing Home Sales rose 0.8% (-7.3% YoY), New Home Sales fell 12.2% (+1.4% YoY), and Pending Home Sales were unchanged (-5.2% YoY). Home Prices are up 4.9% - 6.3% YoY. Labor: The US Economy created 199,000 New Jobs in November. The Unemployment Rate fell to 3.7%. Wage Growth slowed slightly to a 4.0% YoY pace. Inflation: CPI rose 0.1% in November (+3.1% YoY), and PCE fell 0.1% (+2.6% YoY). The Economy: US GDP grew by a 4.9% annualized rate in 3Q2023, up 3.0% YoY. Consumers: Retail Sales rose 0.3% in November (+4.1% YoY), Consumer Confidence jumped 9.6% while Sentiment surged 13.7%. Stock Markets rose in December: Dow +4.8%, S&P +4.4%, Nasdaq +5.5%. Oil Prices fell to $72/Barrel (Dec 29) from $76/Barrel (Nov 30). Interest Rates and Fed Watch Fed Chairman Jerome Pow
