Fed Rates
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…
Financial News for the Week of March 3rd, 2023
Financial News Highlights Pending home sales rose 8.1% in January, however with mortgage rates now back up around 7% this is unlikely to be sustained moving forward. The ISM Manufacturing Index improved for the first…
Financial News for the Week of February 24th, 2023
Financial News Highlights A second read on fourth-quarter GDP showed that the U.S. economy grew by 2.7% (q/q annualized) instead of 2.9% as reported previously. A measure of underlying domestic demand was revised…
Financial News for the Week of February 17th, 2023
Financial News Highlights The week’s data reminded markets that inflation is far away from the Fed’s target. Both headline and core CPI came in on par with expectations, but details suggest that disinflationary…
Financial News for the Week of February 9th, 2023
Financial News Highlights Since last Friday’s blockbuster employment report, market pricing on the peak fed funds rate has firmed to 5.25%. This aligns to the FOMC’s December projections, though markets still foresee…
Financial News for the Week of February 3rd, 2023
Financial News Highlights The Federal Reserve hiked the fed funds rate 25 basis-points, a step down from six consecutive hikes of 50 or 75 bps. Non-farm payrolls accelerated in January for the first time in five months,…
Financial News for the Week of January 20th, 2023
Financial News Highlights Markets finished the week lower on weaker economic data and rising political risks. December retail sales registered the biggest monthly decline in 2022, finishing the fourth quarter flat.…
Financial News for the Week of January 13th, 2023
Financial News Highlights After fifteen rounds of votes, Kevin McCarthy was elected the new House Speaker. However, it didn’t come without making major concessions, setting the stage for more political…
Financial News for the Week of January 6th, 2023
Financial News Highlights The labor market cooled modestly in December, with 223k new jobs added and the unemployment rate ticking back down to 3.5%. The House of Representatives failed to elect a…