Financial News for the Week of April 21st, 2023
Financial News Highlights China’s economy saw solid growth in the first quarter, with a strong rebound in consumption and exports after lockdowns were lifted at the end of last year. U.S. existing home sales fell by…
Financial News for the Week of April 14th, 2023
Financial News Highlights Headline inflation rose 0.1% m/m in March, while core rose by a strong 0.4% m/m. The 12-month change on headline slipped to a near two-year low of 5%, while core ticked higher to a still…
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5 Best Places to Stay in U.S. National Parks America’s national parks offer some of the best places to immerse yourself in nature, with stunning coastal and mountain landscapes that provide the ultimate spot for outdoor adventure.…
Financial News for the Week of March 31st, 2023
Financial News Highlights FOMC voting members noted the interest rate path will depend on incoming data and highlighted the uncertainty surrounding the effects of regional bank stress on credit availability.…
Financial News for the Week of March 24th, 2023
Financial News Highlights The Federal Reserve delivered a modest 25-basis point hike this week amid banking stress, lifting the policy rate to a range of 4.75-5.00% – a level that’s just a hair below its previous…
Financial News for the Week of March 17th, 2023
Financial News Highlights Following the collapse of SVB and Signature Bank, policymakers were quick to put together a rescue package over the weekend to allay depositor fears and reassure financial markets. Despite…
Financial News for the Week of March 10th, 2023
Financial News Highlights Chair Powell’s testimony threw the market in to risk-off mode with both the Treasury and equity market falling on the week. The economy added 311k jobs in February, well…
Financial News for the Week of March 3rd, 2023
Financial News Highlights Pending home sales rose 8.1% in January, however with mortgage rates now back up around 7% this is unlikely to be sustained moving forward. The ISM Manufacturing Index improved for the first…
Financial News for the Week of February 24th, 2023
Financial News Highlights A second read on fourth-quarter GDP showed that the U.S. economy grew by 2.7% (q/q annualized) instead of 2.9% as reported previously. A measure of underlying domestic demand was revised…
Financial News for the Week of February 17th, 2023
Financial News Highlights The week’s data reminded markets that inflation is far away from the Fed’s target. Both headline and core CPI came in on par with expectations, but details suggest that disinflationary…