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Financial News for the Week of August 25th, 2023
Financial News Highlights Speaking at the Jackson Hole Economic Symposium on Friday, Chair Powell noted that some progress had been made on the inflation…
Financial News for the Week of August 18th, 2023
Financial News Highlights The big news this week was U.S. Treasury yields reaching the highest point since 2007 thanks to a string of positive economic…
Financial News for the Week of August 11th, 2023
Financial News Highlights The U.S. economy had good news on the inflation front this week, as core inflation ticked down in July, even as unfavorable…
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…