Hiring Slows as Inflation Cools
September’s jobs report, released this morning, showed hiring has slowed sharply. Employers added just 29,000 jobs, well short of the 84,000…
-
-
Bond Yields Continue to Push Higher
The bond market was the big story this week. On Wednesday, the 10-year Treasury yield climbed above 5.1%, its highest level…
-
Fed Raises Rates for the First Time Since 2023
The Fed’s rate-setting committee voted 12-0 on Wednesday to raise the federal funds rate a quarter point, to a target range…
-
Inflation Heats Up Ahead of Next Week’s Fed Meeting
Today marks 25 years since the September 11th attacks on our country. Before we get into this week’s numbers, it’s worth…
-
Core Inflation Remains Stubborn
As we close out August and look towards some Fall, the inflationary data points continue to remain front and center. The…
-
The Bond Market and Federal Debt Levels Paint Fresh Pictures
As summer winds down and routines return, the markets are working through plenty of their own headlines and nuance. Vacation season…
-
Inflation Easing, Will It Be Enough?
Existing-home sales gave us a small preview of the housing market before the bigger inflation news hit. The National Association of…
-
A Cooling Labor Market Means the Fed Has More to Consider
The service side of the economy kept humming along in July. The ISM Services PMI came in at 54.1%, a slight…
-
The Fed Continues to Walk a Tightrope
The Federal Reserve held interest rates steady this week for a fifth straight meeting, keeping its benchmark rate in the 3.50%…
-
AI Spending Concerns Overshadow Strong Earnings
Corporate earnings confirmed this week what markets have been nervous about for a while: even strong results aren’t enough if AI…
