12/06/24: US Economic Data Shows Strong, Cooling Labor Market and Stable Growth
Economic data continues to point to a strong, albeit cooling, labor market and stable economic growth.
11/22/24: Financial Markets Calm Before Thanksgiving
Financial markets assumed a less volatile tone this week as we approach the Thanksgiving holiday.
11/15/24: Markets Cool After Post-Election Rally
After last week’s sharp post-election rally, financial markets cooled as investors absorbed Federal Reserve Chair Jerome Powell’s remarks and fresh economic data.
11/8/24: US Fixed Income Markets Face Volatility Amid Election Uncertainty and Fed Rate Cut
Fixed income markets experienced heightened volatility this week as participants were focused on the US presidential election as well as the Federal Open Market Committee meeting.
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.
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.