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.
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.
9/06/24: Measured Easing Amid Mixed Labor Market Data
The Treasury market is pricing in an aggressive monetary policy response to the softening but clearly not recessionary labor market backdrop.
8/30/24: Strong GDP Growth, Stable Inflation, and Fed Rate Cut Anticipation
The economic releases this week presented several key data points which will likely influence near-term decisions regarding Monetary Policy.
8/23/24: Fed Chair Powell’s Jackson Hole Speech Signals Potential Rate Cuts Amidst Easing Inflation and Employment Risks
In a light data week investors were focused on a speech from Fed Chair Jay Powell at the Economic Symposium in Jackson Hole, Wyoming, on Friday.
8/16/24: Inflation Data Supports Fed Rate Cut in September
Inflation data this week should provide more support for the Federal Reserve to cut rates at the September meeting.
8/09/24: Market Volatility Persists Amid Economic Concerns
Following last week’s weak employment report, financial market volatility continued, driven by persistent economic concerns, central bank actions, and global market reactions.
8/02/24: Fed Holds Rates Steady as Labor Market Weakens
In addition to this week’s Fed meeting, market participants were primarily focused on the significant amount of labor market data released this week.