Producer Prices increased in March from a year earlier by the most in 11 months, highlighting the sticky nature of inflation. The headline number was 2.1% from March 2023 while the core rose by 2.4%. The data largely met expectations. Markets were bifurcated on the data. The Dow was essentially unchanged while the NASDAQ advanced … Read more
March’s CPI topped forecasts for a third straight month, heralding a fresh wave of price pressures that may likely delay and Federal Reserve interest rate cuts until
The selloff in the ten-year Treasury is continuing as yields are now at the highest level since November. The markets conviction of three quarter point reductions is quickly dissipating, with
The BLS labor report is released at 8:30. Analysts are expecting a 213k and 170k increase in nonfarm and private sector payrolls, respectively, a 3.8% unemployment rate, a 0.3% increase in
The equity and Treasury markets were bifurcated yesterday. Equites were initially lower as the ADP Private Sector Employment Survey indicated that hiring is
Both the Treasury and equity markets declined yesterday as solid economic growth, a continued rally in commodities and a flare up in geopolitical risks increased speculation that the Federal Reserve will
Today is the last day of trading for the first quarter. Wall Street and the Federal Reserve again vastly missed their forecasts for the period. Writing the obvious, perhaps forecasting models are
Since December, The Federal Reserve increased its 2024 projected growth rate by 50%. It is now forecasting the economy to expand by 2.1% from 1.4%. Private sector economists are
Markets were relatively quiet Friday in the absence of any economic data. A plethora of Fed speakers offered nothing new with many pondering if last week’s advance has merits. Several firms believe
Equites advanced yesterday on optimism the Federal Reserve will be able to engineer a soft landing, which would bolster the outlook for corporate earnings. Financial shares led the
