RIA Cornelius NC
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…
Financial News for the Week of May 19th, 2023
Financial News Highlights Financial markets remained eerily positive this week, despite the debt ceiling X-date looming with no bipartisan deal in sight. Retail sales data for April showed the continued resilience of the…
Financial News for the Week of May 12th, 2023
Financial News Highlights Inflation eased modestly in April, with headline and core CPI both ticking down by 0.1 percentage points to 4.9% and 5.5% year-on-year respectively. The…
Financial News for the Week of May 5th, 2023
Financial News Highlights The Federal Reserve hiked the policy rate 25 basis points this week, lifting it to a 16-year high of 5.00-5.25%. Changes in FOMC statement hinted at the potential for a pause, though Chair…
Financial News for the Week of April 28th, 2023
Financial News Highlights U.S. real GDP growth slowed to 1.1% quarter-over-quarter (q/q) annualized in 2023 Q1, from 2.6% q/q in the previous quarter. A measure of underlying domestic demand accelerated to 2.9% q/q,…
Financial News for the Week of April 21st, 2023
Financial News Highlights China’s economy saw solid growth in the first quarter, with a strong rebound in consumption and exports after lockdowns were lifted at the end of last year. U.S. existing home sales fell by…
Financial News for the Week of April 14th, 2023
Financial News Highlights Headline inflation rose 0.1% m/m in March, while core rose by a strong 0.4% m/m. The 12-month change on headline slipped to a near two-year low of 5%, while core ticked higher to a still…
Financial News for the Week of March 31st, 2023
Financial News Highlights FOMC voting members noted the interest rate path will depend on incoming data and highlighted the uncertainty surrounding the effects of regional bank stress on credit availability.…