Financial News

Financial News for the Week of May 19th, 2023

Financial News Highlights Financial markets remained eerily positive this week, despite the debt ceiling X-date looming with no bipartisan deal in sight. Retail sales data for April showed the continued resilience of the…


Financial News for the Week of May 12th, 2023

Financial News Highlights Inflation eased modestly in April, with headline and core CPI both ticking down by 0.1 percentage points to 4.9% and 5.5% year-on-year respectively. The…


Financial News for the Week of May 5th, 2023

Financial News Highlights The Federal Reserve hiked the policy rate 25 basis points this week, lifting it to a 16-year high of 5.00-5.25%. Changes in FOMC statement hinted at the potential for a pause, though Chair…


Financial News for the Week of April 28th, 2023

Financial News Highlights U.S. real GDP growth slowed to 1.1% quarter-over-quarter (q/q) annualized in 2023 Q1, from 2.6% q/q in the previous quarter. A measure of underlying domestic demand accelerated to 2.9% q/q,…


Financial News for the Week of April 21st, 2023

Financial News Highlights China’s economy saw solid growth in the first quarter, with a strong rebound in consumption and exports after lockdowns were lifted at the end of last year. U.S. existing home sales fell by…


Financial News for the Week of April 14th, 2023

Financial News Highlights Headline inflation rose 0.1% m/m in March, while core rose by a strong 0.4% m/m. The 12-month change on headline slipped to a near two-year low of 5%, while core ticked higher to a still…


Financial News for the Week of March 31st, 2023

Financial News Highlights FOMC voting members noted the interest rate path will depend on incoming data and highlighted the uncertainty surrounding the effects of regional bank stress on credit availability.…


Financial News for the Week of March 24th, 2023

Financial News Highlights The Federal Reserve delivered a modest 25-basis point hike this week amid banking stress, lifting the policy rate to a range of 4.75-5.00% – a level that’s just a hair below its previous…


Financial News for the Week of March 17th, 2023

Financial News Highlights Following the collapse of SVB and Signature Bank, policymakers were quick to put together a rescue package over the weekend to allay depositor fears and reassure financial markets. Despite…


Financial News for the Week of March 10th, 2023

Financial News Highlights Chair Powell’s testimony threw the market in to risk-off mode with both the Treasury and equity market falling on the week. The economy added 311k jobs in February, well…