Financial News for the Week of November 18th, 2022
Financial News Highlights Results from the midterm elections showed the Democrats maintained control of the Senate but lost their majority in the House of Representatives. U.S. housing data continue to slide in October, with housing…
Financial News for the Week of November 11th, 2022
Financial News Highlights Republicans look to have won control of the House in this week’s midterm elections. The Senate race remains too close to call. With Washington more divided, major spending and tax changes are less likely, while…
Financial News for the Week of November 4th, 2022
Financial News Highlights The Fed increased the monetary policy rate by 75 basis points to a range of 3.75-4%, opened the door to a slower pace of tightening, while also setting expectations for a higher terminal rate. The ISM…
Financial News for the Week of October 28th, 2022
Financial News Highlights The U.S. economy left behind the declines recorded in the first half of 2022, with GDP growth accelerating to 2.6% (ann.) in the third quarter. The headline was flattered by an outsized contribution…
Financial News for the Week of October 21st, 2022
Financial News Highlights UK policymakers abruptly U-turned on its recently proposed “mini” budget, forcing Prime Minister Liz Truss to resign. Existing home sales fell 1.5% m/m in September to 4.7 million units. Sales have now fallen…
Financial News for the Week of October 14th, 2022
Financial News Highlights This week’s Consumer Price Index report was another disappointing print, as inflation continues to be stubbornly high. Not all of it was bad news as core goods price inflation continued to moderate in September.…
Financial News for the Week of October 7th, 2022
Financial News Highlights The last jobs report before the Federal Reserve’s November meeting showed that 263k jobs were added in September, bringing the unemployment rate back down to 3.5%. ISM Manufacturing and Services PMIs indicate that demand…
Financial News for the Week of September 23rd, 2022
Financial News Highlights The Federal Reserve raised interest rates by 75bps for the third consecutive meeting, bringing the federal funds rate to its highest level in 14 years. FOMC Chair Powell reiterated his Jackson Hole speech, stating that…
Financial News for the Week of September 16th, 2022
Financial News Highlights CPI inflation surprised to the upside in August, rising 0.1% m/m. The core measure also recorded a sizeable 0.6% m/m gain, as both goods and service categories accelerated on the month. Financial markets have now fully…
Financial News for the Week of September 9th, 2022
Financial News Highlights The ISM Services index expanded at the fastest pace in four months with demand components rising and supply side challenges normalizing. The Fed’s Beige book pointed to a further softening in demand, while also suggesting…