While Central Bank murmurs both at home and abroad commanded much of the market’s attention last week, lower-than-expected core inflation data stole the spotlight on Friday. Both equities and bonds rallied on the 0.1% September gain in CPI, leaving the…
Signs of an economic pick up within the US economy generally supported demand for stocks and the U.S. dollar as treasuries continued to selloff last week. Ten-year yields touched a recent high of 2.40% at the time of this write-up. Two-year…
Moves in higher treasury yields grabbed the market’s attention last week as the selloff resulted in 10-year yields rising above its 200-day moving average of nearly 2.33% (2.37% in the overnight market). A number of factors contributed to the move, including:…
As expected the Fed kept rates unchanged and more importantly, announced that its balance sheet normalization will kick off next month. The Fed also shared its economic projections including rate hikes expected: once more in 2017, three and two hikes…
As expected, the FOMC left the Federal Funds target rate between 1% and 1.25%. The FOMC statement was very upbeat citing solid job gains, low unemployment rates, a moderate expansion of household spending, and a pickup in business investment growth.…
Last week, headline inflation increased 0.4%, while core CPI (excluding food and energy) rose 0.2%. The 0.2% increase ends a five-month streak of weaker-than-expected readings. The inflation report could alleviate concerns among some Fed officials regarding previous low readings, and…
The US Dollar and global equities are edging higher this morning after no news of a missile launch this past Saturday by North Korea. Hurricane Irma is also now reduced from having hurricane winds to that of a tropical storm,…
The market couldn’t kiss the summer goodbye without creating some butterflies as Wall Street gets ready to get back in the thrust of things this week. Payroll data surprised to the downside, rising by 156k versus the market’s expectations of…
Jittery markets dominated most of the last week as geopolitical risks between the U.S. and North Korea rattled participants, who then flocked towards risk averse assets. Gold rose about 2.7%, as major U.S. stock indices all ended the week lower,…
