“”Powell basically disabused investors that cuts are right around the corner, with ample retread on how far they still are from their price objective”

by Marketing | Aug 25, 2023 | Market Notes, Media Notes

Market reactions to Powell speech

Market Still Undershooting Fed Communication

by John Luke Tyner | Aug 15, 2023 | Blog, Bonds

Global central bankers will gather later this month in Jackson Hole, WY for their annual meeting. We anticipate markets will seek to understand Powell’s desire to push back on market pricing that the Fed will cut its key rate to around 4% by January 2025 from its...

August 2023 CPI: Progress Continues

by John Luke Tyner | Aug 11, 2023 | Blog, Bonds

The July CPI came out to be another soft report and points to further moderation in inflation. Headline CPI increased by 0.2% MoM (0.167% unrounded), which resulted in the YoY rate increasing two-tenths to 3.2% as base effects were less favorable than last month. For...

“The unemployment rate is one of the lowest readings in decades, however, the labor economy is strong and it will likely keep the Fed on their toes”

by Marketing | Aug 8, 2023 | Market Notes, Media Notes

Jobs Report Shows Pace of Hiring Slowed in July: What the Experts Are Saying

Fitch Downgrades US Credit Rating

by John Luke Tyner | Aug 2, 2023 | Blog, Bonds

We’ve all seen the news that Fitch downgraded the US Government’s credit rating from AAA to AA+. Fitch’s move follows a similar cut by S&P about 12 years ago.    Source: Bloomberg as of 08.01.2023   Moody’s continues to rate the US AAA (wonder where the...