Financial Advisor News for the Week of August 4th, 2023
Financial Advisor News Highlights Fitch became the second major credit rating agency to downgrade the U.S. from the top AAA rating, citing the growing fiscal debt burden and an erosion in governance. The U.S. economy…
Financial News for the Week of July 28th, 2023
Financial News Highlights Fed Chair Powell signaled a meeting-by-meeting approach on changes to the fed funds rate, opting to evaluate incoming data and fine-tune interest rates to help temper inflation. The second…
Financial News for the Week of July 21st, 2023
Financial News Highlights Retail sales disappointed market expectations overall in June, but underneath the surface sales in the control group, which are used to calculate consumption, were much stronger, rising 0.6%…
Financial News for the Week of July 14th, 2023
Financial News Highlights Financial markets rallied this week following a string of promising data pointing to easing U.S. inflationary pressures. Inflation as measured by the Consumer Price Index fell to the slowest…
Financial News for the Week of July 7th, 2023
Financial News Highlights The week’s economic data was consistent with an economy that remains resilient, if no longer as robust as it was. Performance in the manufacturing and services sectors continued to diverge.…
Financial News for the Week of June 30th, 2023
Financial News Highlights A week’s worth of solid data did little to contradict Fed Chair Powell’s comments suggesting more monetary tightening is on the way.…
Financial News for the Week of June 16th, 2023
Financial News Highlights The Federal Reserve met expectations and held the policy rate steady at 5.0-5.25%, but left the door open to further rate hikes later this year. The Fed’s Summary of Economic Projections…
Financial News for the Week of June 9th, 2023
Financial News Highlights The ISM Services index surprised on the downside, falling 1.6 points to 50.3 in May. The employment sub-index drifted below the 50-point contractionary threshold for the first time since…
Financial News for the Week of June 2nd, 2023
Financial News Highlights Congress passes a deal to suspend the debt limit, averting the “worst case scenario” of a default. Today’s Nonfarm Payrolls Report featured a big jobs gain (+339k) and a pop in the…
Financial News for the Week of May 26th, 2023
Financial News Highlights Negotiators appeared close to a deal to raise the debt ceiling and set spending levels. However, the deal does not address Washington’s medium-term fiscal challenges, which were part of the…