August 6, 2024 We have a very busy few weeks of economic news. While the stock market was reaching record highs in July, the month closed with some important news. As July came to a close, the initial reading of economic growth for the second quarter was released. The 2.8% growth rate was seen as […]
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July 30, 2024 For most of last year, it was apparent that the Federal Reserve wanted the economy to stop growing so fast. Though you would never hear them say that they were trying to force us into a recession, certainly forecasters were predicting a recession. But the recession never came as the economy and […]
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July 2, 2024 In the interest of seeing lower interest rates, we have had some hits and misses in the past few months. Two months ago, we had a moderate jobs report, but stronger than expected inflation numbers. Last month we had a strong jobs report but weaker than expected inflation numbers. Thus, we now […]
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June 25, 2024 The Federal Reserve Board has always been very careful regarding making public statements that will affect the markets. As a matter of fact, in years past the Fed was much more clandestine regarding their opinions to avoid roiling investors. So much so that there were complaints about the Fed not being open […]
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June 18, 2024 Last week we had a meeting of the Federal Reserve Board’s Open Market Committee and the release of the latest inflation data. Curious about the direction of interest rates? These two events represent bellwethers in this regard. We are looking to the Fed for signals as to when they might take their […]
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June 11, 2024 As we pointed out last week, this is a very busy period for consequential economic news. First, we had the jobs report this past Friday. This report took on additional importance after we finally had more moderate jobs growth in April. So how did we do in May? The economy created 277,000 […]
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If the Federal Reserve is waiting for the economy to slow down before it eases interest rates, there is no doubt that they are watching the monthly jobs report for a significant clue. Thus far this year, there has been no sign that the economy is producing less jobs each month. The pace of the […]
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February 13, 2024 The Federal Reserve has been quite busy this decade. We started this decade with an economy-halting pandemic in March of 2020. The Fed reacted quickly, pushing short-term rates to zero, as well as adding significant qualitative stimulus in the form of purchasing treasuries and mortgages, further pushing down long-term interest rates as […]
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