The recent rise in long-term yields and the health of the banking sector will be top of mind for investors while Powell and the committee consider how high and how long the fed funds rate should be.
Rising bond yields weighed on stocks throughout the week, as economic data pointed toward a potential need for further rate hikes. China's flailing economic recovery and warnings of potential bank downgrades added to the market's woes.
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Although there's been somewhat of a seesaw pattern, the rise in the UST 10-Year yield really began back in early April.
The APAC impact bond market has witnessed a steady growth trajectory, accounting for 25% of the global accumulated issuance, with China, Japan, and South Korea leading the way.
As the summer sun shines bright, many people enjoy the quiet and relaxation that comes with lower trading volumes.
When people are out of the office, the financial markets often see less trading, which can cause big price swings following news events.
Amazon's Prime Day sales event propelled ecommerce sales up 1.9%, while strong retail sales across the economy, led by sportswear, restaurants, and apparel, rose 0.7% month-over-month and 3.2% year-over-year.
The U.S. budget deficit, which has been a point of discussion among economists and investors, recently received a downgrade in credit rating from Fitch Ratings agency, citing expected fiscal deterioration, a high and growing general government debt burden, and erosion of governance.
For fixed income investors who want to go active, strategies are available in a variety of wrappers, including ETFs. Active fixed income ETFs were initially limited to ultra-short bond strategies. But today, a wide variety of strategies exist.
As the Federal Reserve evaluates its next move on short-term interest rates, it's essential to consider the recent shift in wage growth and inflation.
The Federal Reserve's aggressive monetary policy tightening is slowly helping to moderate inflation, but it has more work to do to tame price increases in the sticky services components which will likely require further slowing in the labor market. Wage pressures remain strong driven by a tight labor market and consumption is slowing while GDP growth is easing.