11/1/24: Market Volatility Rises Amid Weak US Employment Data
Fixed income markets experienced heightened volatility this week as participants absorbed key economic data releases.
10/25/24: Treasury Yields Rise Amid Positive Economic Data
Despite the sparse number of economic data releases during the week, interest rates remained volatile and biased higher.
October 2024 – Bond Market Review
Recent economic data continues to suggest positive but below trend growth this year. Labor markets remain solid, and the U.S. consumer has demonstrated resiliency.
10/18/24: Retail Sales Surge Signals Economic Resilience
The holiday shortened week provided data relating to current consumer behavior. On Thursday, Retail Sales showed an increase of 0.4% month-over-month, while the Retail Sales Control Group surprised with a 0.7% month-over-month increase over the 0.3% consensus estimate.
10/11/24: CPI & PPI Rise, Unemployment Claims Spike
Inflation data was front and center this week.
10/04/24: Strong September U.S. Labor Market Data
U.S. labor market data from September surprised to the upside, with strong job growth and a sharper-than-expected drop in unemployment, suggesting the economy may be more resilient than anticipated.
9/27/24: PCE Inflation Cooling, Housing Market Trends, and Consumer Confidence Drop
Market participants digested an abundance of economic data this week. The Personal Consumption Expenditures Price Index (PCE) was released this morning, providing the Federal Reserve with more evidence of a broad cooling in inflationary trends.
9/20/24: Federal Reserve Cuts Interest Rates for First Time Since COVID-19
The highlight of economic releases this week was the announcement of the first interest rate reduction by the Federal Reserve since the onset of the Covid-19 pandemic in March of 2020.
September 2024 – Bond Market Review
Recent economic data continues to suggest positive but below trend growth this year. Labor markets remain solid, and the U.S. consumer has demonstrated resiliency.
9/13/24: Inflation Data for August Signals Key Fed Rate Decision
The market received key inflation data this week that will help inform the Fed’s rate decision on Wednesday.