Latest Insights
1/31/25: Inflation, GDP, Job Market, and Fed’s Stance on Monetary Policy
Progress on inflation came into focus with the Personal Consumption Expenditures (PCE) index data from December. Headline PCE was in line with consensus expectations both on a month-over-month, at 0.3%, and on a year-over-year basis at 2.6%. The Fed’s preferred gauge, Core PCE, was unchanged from the prior month at 2.8% year-over-year. Yet, Core PCE increased from 0.1% to 0.2% month-over-month, raising some concerns over the pace of slowing inflation.
1/24/25: Market Overview: US Economic Data, Emerging Policies, and Corporate Earnings
Market participants focused on inflation this week, along with trends in consumer spending. Inflation readings for December moderated, which should provide the Fed with more confidence in progress toward their inflation target as they approach the next policy meeting on January 28th and 29th.
January 2025 – 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.
