The economy appears to have missed the Federal Reserve Bank memo telling it to slow down, with today's GDP and durable goods data exceeding expectations while initial unemployment claims point to persistent labor market tightness.
Monthly Archives: July 2023
12 posts
The Fed's recent rate hike has pushed the target range to 5.25%-5.50%, the highest level since early 2001, leaving investors to ponder if Powell & Co. are finished with this rate hike cycle or if there is another move waiting in the wings.
The recent drop in inflation was a significant event, with the core CPI rising just 0.16 percent, the lowest reading in more than two years.
Extreme weather events are having a significant impact on consumers, with 81% of respondents feeling they are correlated with economic strain.
Trying to outsmart the market has been around just as long as the market itself, and though it rarely works, many people keep trying. Not only are you less likely to outperform the market through market timing, you could further reduce your returns depending on how often you trade.
The Fed's recent actions have led to a reevaluation of what it means to 'fight the Fed,' and it's crucial for investors to understand the difference between a trading opportunity and an investable rally.
The recent softness in residential construction is largely due to mortgage interest rates of nearly 7%, making homes less affordable for buyers, with permits for new home construction falling 3.7% from the previous period.
The economy is slipping into an expansion rather than moving toward a recession, with the first quarter gross domestic product expanding at a 2% rate and the job market appearing in good shape.
With the growing number of model portfolios available, selecting the right strategy can be a challenging task. A comprehensive due diligence framework may serve as a guide when choosing a model portfolio and distinguishing one provider from another.
Chairman Powell's recent comments suggest that the Fed may not be skipping the pause and could be serious about raising the Fed Funds Rate as soon as this month's policy meeting.
Surprisingly strong results from this morning's ADP jobs report illustrate that travel, entertainment and restaurant businesses are struggling to meet the robust demand that is supporting persistent inflation.
The traditional supply response to higher energy prices has been weaker during this energy cycle, with US energy companies focusing on capital discipline and financial health.