The August Consumer Price Index (CPI) came in at 2.5% year-over-year last week. However, let’s put things into context before we declare victory over inflation [...]
Following the softer job openings data, the market is now assigning even odds to a 50 bps rate cut this month. The key [...]
The last time the Fed made a policy move was when it raised rates to current levels in July 2023. The last time [...]
Gold has been building on its all-time highs set earlier in the year. The price of gold in dollars is now above $2,500 [...]
The non-discretionary component of the PCE inflation index has remained sticky. Homes are taking longer to sell. Source: Redfin Housing [...]
The market selloff accelerated on Monday morning after Friday’s weak US jobs report reignited recession concerns. The Nasdaq 100 futures dropped [...]
As expected, the Fed left rates unchanged, but Chair Powell hinted at a possible rate cut in September. Neither the FOMC statement nor [...]
Economists are becoming less optimistic about US consumer spending in 2024. The 2024 CPI estimates are also off the peak. [...]
The June increase in producer prices was stronger than expected, driven by trade services (business markups). Businesses still maintain some pricing power. [...]
While the June headline payrolls figure exceeded expectations, private sector job gains were much softer than anticipated. The ISM Services PMI dipped back [...]
