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NWSOFA Indivisible Fiscal and Economic Issue Team May Meeting

May 15, 2023 @ 7:00 pm - 9:00 pm

RSVP: https://act.indivisible.org/event/local-actions/164565

Lots of economic information to discuss at the May meeting:

  • Job gains continue to be solid – +236,000 in March
  • Twelve month March CPI at 50%; declining from June’s 9.1%; Twelve month March PPI at 2.7%;  February PCE showed 12 month inflation at 5.0%. March PCE inflation to be released April 28th
  • Real GDP growth for the 4th quarter was revised down to a 2.6% annualized growth rate.
  • Crude oil prices have increased with production cutbacks by Russia and Saudi Arabia.  This is translating to higher prices at the pumps
  • Natural gas prices are declining
  • Bank issues appear contained
  • Debt limit may be reached as early as June



May 15, 2023
7:00 pm - 9:00 pm