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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…
Financial News for the Week of September 2nd, 2022
Financial News Highlights A strong week for economic data as the ISM manufacturing index and the payrolls report surprised to the upside. The details of both reports showed improvements on the supply-side of the economy as falling manufacturer…
Financial News for the Week of August 26th, 2022
Financial News Highlights Fed Chair Jay Powell’s hawkish remarks at the annual Jackson Hole conference did not sit well with equity markets. The second estimate of Q2 GDP data showed that the economy contracted slightly less, and that GDI grew…
Financial News for the Week of August 19th, 2022
Financial News Highlights Total retail sales were flat in July, marking a deceleration from June’s pace. However, sales in the control group, which exclude several volatile categories and are used in calculating GDP, rose a sturdy 0.8% m/m. Housing…
Financial News for the Week of August 12th, 2022
Financial News Highlights The U.S. Senate passed a climate, healthcare, and tax bill known as the Inflation Reduction Act of 2022 earlier this week. The legislation is now off to the House of Representatives for a final vote later today where it…
Financial News for the Week of August 5th, 2022
Financial News Highlights The U.S. economy added a whopping 528k jobs in July, pushing employment above its pre-pandemic level. The unemployment rate also ticked lower, falling back to its pre-pandemic historical low of 3.5%. Sentiment indicators…
Financial News for the Week of July 29th, 2022
Financial News Highlights Highlights Real GDP declined for the second consecutive quarter in Q2, meeting one (narrow) criteria of a recession. The Federal Reserve delivered another supersized rate hike of 75bps this week, bringing the upper bound…
Financial News for the Week of July 22nd, 2022
Financial News Highlights June’s housing data showed another decline in activity as the effects of higher mortgage rates and stretched affordability impact the market. A strong labor market and tight inventories will support housing construction…