February 2022 – Bond Market Review
Fed policymakers have recently pivoted toward a more hawkish stance as inflation indices continue to run hot and the labor market appears relatively tight, given their dual mandate of promoting maximum employment and stable prices.
2/11- Weekly Economic Highlights
U.S. consumer prices climbed more than expected in January as inflation hit highs not seen since 1982. The Consumer Price Index (CPI) was up 7.5% year-over-year in January, versus up a 7.0% year-over-year gain in December. Core CPI (CPI less food and energy) was up 6.0% year-over-year in January, versus up 5.5% in December.
2/4- Weekly Economic Highlights
The January employment report surprised to the upside today with US nonfarm payroll growth of 467,000 in the month versus the consensus forecast which called for an increase of only 125,000 due to omicron concerns.
1/28- Weekly Economic Highlights
An investment theme for the Chandler team going into 2022 centered around markets being at an inflection point; given the adjustment higher in Treasury yields and the volatility in equity markets in January the theme looks to stay in place going forward. Although market prices have been adjusting to the elevated inflation readings for some time, the notable news of the past week was the Federal Reserve Chair Powell’s press conference after the conclusion of the January 25-26 Federal Open Market Committee (FOMC) meeting.
1/21- Weekly Economic Highlights
Inflation continues to run well above the Fed’s longer-run target of around 2.0%. The Consumer Price Index (CPI) was up 7.0% year-over-year in December, versus up 6.8% year-over-year in November. Core CPI (CPI less food and energy) was up 5.5% year-over-year in December, versus up 4.9% in November.
1/14- Weekly Economic Highlights
Inflation continues to run well above the Fed’s longer-run target of around 2.0%. The Consumer Price Index (CPI) was up 7.0% year-over-year in December, versus up 6.8% year-over-year in November. Core CPI (CPI less food and energy) was up 5.5% year-over-year in December, versus up 4.9% in November.
January 2022 – Bond Market Review
Fed policymakers have recently pivoted toward a more hawkish stance as inflation indices continue to run hot and the labor market appears relatively tight, given their dual mandate of promoting maximum employment and stable prices.
1/7- Weekly Economic Highlights
Job growth slowed in December, with US nonfarm payroll growth of just 199,000 in the month versus the consensus forecast of 450,000, but the unemployment rate still declined to 3.9%, the lowest level since February 2020.
12/31- Weekly Economic Highlights
Inflation remains top of mind for financial market participants heading into the new year. The Personal Consumption Expenditures (PCE) index was up 5.7% year-over-year in November, according to data released last week. The Core PCE index, the Fed’s preferred inflation measure, was up 4.7% year-over-year last month.
Chandler Announces Co-Chief Investment Officers (CIOs)
Chandler Announces Co-Chief Investment Officers (CIOs)