Personal Consumption Expenditures Index Rose 0.3% in January… Excluding food and energy, the Personal Consumption Expenditures Index (PCE) rose 0.4%. What it means— Trailing energy prices gave ...
Week In Review – December 18 2023
The Federal Reserve Held the Overnight Rate to a Range of 5.25% to 5.50% and Signaled Rates Will Go Lower Next Year… The all-important “dot plot” showed the consensus for the overnight rate at the end ...
Week In Review – November 14 2023
Last Week’s Positive Momentum Based on the Treasury Issuance Announcement Carried Over to This Week… The changes drove hedge funds and institutions from net short to net long, pushing yields down and ...
Week In Review – November 6 2023
The U.S. Economy Created 150,000 Jobs in October; Unemployment Ticked Up to 3.9%… The jobs count fell short of the 180,000 forecast. What it means— The central bankers at the Fed and the investment ...
Week In Review – July 31 2023
Federal Reserve Raises Rates 0.25%, to a Range of 5.25% to 5.50%… The Federal Open Market Committee (FOMC) did what everyone expected, raising rates by 0.25% and declaring that they are data ...