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The Morning View: Post FOMC Decision on Interest Rates
At the conclusion of yesterday's FOMC meeting, another 25bp rate hike was announced, raising the Fed Funds rate’s target range to 4.75 – 5.00%. Let’s dig into the statement, the SEP, and the press conference to see what more we can glean from today’s announcement. The...
The Morning View: March 10, 2023
In this morning’s data, the economy added 311,000 jobs in February, again higher than expected. The Leisure and Hospitality industry was relatively strong, adding 105,000 jobs, while the Manufacturing industry was relatively weak. The Unemployment Rate increased...
Market Update -March 2023
A Month At A Glance: After a strong start to the year, global equity markets gave back some of those gains in February. An appreciating US dollar negatively impacted foreign equity returns—resulting in outperformance by US markets. Resilient economic data continue to...
Market Perspectives- February 2023
Multiple Glide Paths • Consumer price index data released in February showed inflation had risen by 6.4% over the prior 12 months, while January’s producer price index data posted an annual increase of 6%. • Job markets remain tight as unemployment levels fell again...
The Morning View: February 24, 2023
Announced this morning, Personal Income grew 0.6% in January, less than expected but still higher than the previous month’s increase. Personal Spending increased 1.8% in January, more than expected and a large rebound from the previous month. Real Personal Spending...
The Morning View: February 15, 2023
In this morning’s data, Retail Sales for January increased 3.0% which is higher than expected and a nice rebound from the previous month. In the month, Motor Vehicle & Parts Dealers, up 5.9%, and Furniture & Home Stores, up 4.4%, were strong while spending at...
Market Update -February 2023
A Month At A Glance: Global equity markets roared 7.2% higher to start the year Foreign equities (both developed and emerging) outpaced the S&P 500 in January Amid moderating inflation and a strong jobs market, investor sentiment is starting to believe that a...
The Morning View: February 10, 2023
In yesterday’s data, Initial Jobless Claims were 196,000 for the week ending February 4th, slightly higher than expectations and higher than the previous week. Continuing Claims were 1,688,000 for the week ending January 28th, also a bit higher than expected and...
The Morning View: February 3, 2023
Announced this morning, the economy added 517,000 jobs in January, much higher than expected and the previous month was revised higher. The Leisure and Hospitality industry was strong, adding 128,000 jobs, while the Motor Vehicle and Parts industry was relatively...
The Morning View: January 27, 2023
Announced this morning, Personal Income increased 0.2% in December, as expected, and is lower than the previous month. Meanwhile, Personal Spending decreased -0.2% in December, slightly more negative than expected and Real Personal Spending which accounts for...