by Alexis Black | Sep 4, 2024
1. FED POISED TO PIVOT • The FOMC is poised to cut interest rates in September for the first time in over two and a half years, evidenced by recent statements from Fed Chair Jerome Powell and a 100% consensus forecast that has formed in futures markets. • During a...
by Alexis Black | Aug 15, 2024
1. INFLATION • According to the BLS, the US Consumer Price Index (CPI) reaccelerated on a monthly basis in July but continued to decelerate annually. Prices rose by 0.2% between June and July, following a decline of 0.1% the previous month. Prices decelerated to 2.9%...
by Alexis Black | Jul 29, 2024
1. GDP • According to the Bureau of Economic Analysis, the US economy expanded at an annualized rate of 2.8% in the second quarter, up from 1.4% in the first quarter and above the consensus forecasts of 2%. • Consumer spending accelerated from the first quarter,...
by Alexis Black | Jul 12, 2024
1. CPI INFLATION • The Consumer Price Index fell by 0.1% month over month in June, its first monthly downtick in over four years, according to the latest data from the Bureau of Labor Statistics. • Prices continue to climb annually, rising 3.0% year-over-year, but...
by Alexis Black | Jul 1, 2024
1. BANK STRESS TESTS • According to the Federal Reserve, all 31 “systemically important financial institutions” (SIFIs) passed their annual stress tests. These tests evaluate the ability of large US banks to absorb hypothetical losses while maintaining more than their...
by Alexis Black | Jun 17, 2024
1. INTEREST RATES • The FOMC voted to leave rates unchanged at its June policy meeting, which aligned with market expectations. On Wednesday, markets braced for the convergence of May’s Consumer Price Index data, which arrived just a few hours before the Federal...
