“Powell did reiterate that most members of the committee see cuts happening this year, although likely these are pushed to later in the year where the Fed has more time to see inflation data continue to show improvement”

“Powell did reiterate that most members of the committee see cuts happening this year, although likely these are pushed to later in the year where the Fed has more time to see inflation data continue to show improvement”

by | Feb 1, 2024 | Market Notes, Media Notes

Fed Holds Rates Steady, Pushes Back on Cuts: What the Experts Are Saying     Disclosures   This information is for investment adviser use only and should not be distributed to any other parties. The commentary included in this post is for informational...

Rearview to Windshield, February 2024

by | Feb 1, 2024 | Blog, Market Updates

January ‘24 Market Recap → Good Start, Bad Breadth: Despite the S&P 500 rally, the equal-weighted S&P 500 fell 0.7% as breadth narrowed to just 34% (% of stocks ahead of S&P 500), a bottom 3rd percentile in history. The “Nifty 50” gained 3.0%,...

The Market in Pictures, January 26

by | Jan 26, 2024 | Blog, Charts

Our team looks at a lot of research throughout each day. A few charts that caught our eye this week, and the way they fit the unfolding puzzle of evidence:   Brett: Core Personal Consumption Expenditures (PCE) is said to be the Fed’s favorite indicator, and it’s...

December CPI: Shelter Prices Still the Driver

by | Jan 12, 2024 | Blog, Bonds

The U.S. Headline CPI for December rose +0.3% m/m (3.4% y/y) and the core CPI (ex: food & energy) was +0.3% m/m (3.9% y/y).   Source: BLS/Stifel as of 01.11.2024   Inflation came in slightly above expectations in December. Core inflation is being aided by...