Financial News for the Week of June 15, 2018

HIGHLIGHTS OF THE WEEK The FOMC raised the fed funds target rate by 25 bp this week. Additionally, median expectations for the fed funds target rose to 2.4% (from 2.1%), suggesting that the committee was leaning toward two more rate hikes this year. Data corroborated the Fed’s hawkish
Continue Reading →

Financial News for the Week of June 8, 2018

HIGHLIGHTS OF THE WEEK Next week the Federal Open Market Committee (FOMC) will meet for the fourth time this year to discuss whether the current level of monetary stimulus is appropriate for the U.S. economy. Well above-trend economic growth and inflation at target should be enough to
Continue Reading →

Financial News for the Week of June 1, 2018

HIGHLIGHTS OF THE WEEK Fears of fresh elections in Italy spooked investors, who unloaded Italian bonds – sending yields on short-term government debt skyrocketing. By the end of the week, Italy’s populist coalition was finally allowed to form a government. But far from closure, this l
Continue Reading →

Financial News for the Week of May 25, 2018

HIGHLIGHTS OF THE WEEK U.S. trade tensions with China have temporarily subsided, however they have flared up elsewhere, as President Trump ordered a review of U.S. automotive imports. Trade tensions were also flagged as a key risk in the latest FOMC minutes. However, the Committee rem
Continue Reading →

Financial News for the Week of May 18, 2018

HIGHLIGHTS OF THE WEEK Equity markets were buffeted by plenty of anxiety-producing events from uncertainty on trade negotiations to right wing coalitions in Italy. Americans may also be a bit nervous about higher prices, both at the pump and for borrowing. The rise in oil prices is ex
Continue Reading →

Financial News for the Week of May 11, 2018

HIGHLIGHTS OF THE WEEK Domestic equity markets shrugged off news that the U.S. administration is pulling out of the current Iran deal while leaving the door open to renegotiation. WTI oil rose for a fifth consecutive week. Rising U.S. gasoline prices helped drive headline inflation to
Continue Reading →

Financial News for the Week of May 4, 2018

HIGHLIGHTS OF THE WEEK Investors were kept busy this week with plenty of top-tier data, both internationally and domestically, alongside a Fed meeting mid-week. International PMIs suggested some slowing in global economies, largely related to trade tensions. U.S. PMIs also pulled-back
Continue Reading →

Financial News for the Week of April 27, 2018

HIGHLIGHTS OF THE WEEK Financial markets moved sideways, rising in the first half of the week and sliding lower thereafter, but ultimately ending the week in the black. Economic data was more consistent, surprising to the upside. After three lackluster months, retail sales jumped 0.6%
Continue Reading →

Financial News for the Week of April 20, 2018

HIGHLIGHTS OF THE WEEK Financial markets moved sideways, rising in the first half of the week and sliding lower thereafter, but ultimately ending the week in the black. Economic data was more consistent, surprising to the upside. After three lackluster months, retail sales jumped 0.6%
Continue Reading →

Financial News for the Week of April 13, 2018

HIGHLIGHTS OF THE WEEK Financial markets bounced back from the selloff last week as trade tensions between China and U.S. eased somewhat. Both headline and core CPI inflation ticked up in March on a year-on-year basis. FOMC March meeting minutes indicate that some members contemplated
Continue Reading →