12/20/24: FOMC 2024 Update: Hawkish Rate Cut, Inflation Outlook
The Federal Open Market Committee (FOMC) concluded their final meeting of 2024 this week and effectively ‘marked to market’ their go forward forecasts via the quarterly update to the Federal Reserve’s Summary of Economic Projections (SEP).
12/13/24: Inflation Trends, Fed Rate Cut Expectations, and Treasury Yields Rise
Inflation data took center stage this week with the release of the November Consumer Price Index (CPI) on Wednesday and Producer Price Index (PPI) Thursday.
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.