The January jobs report disappointed while including substantial revisions to evaluate. Final January PMI data signaled slowing overall economic growth from 2H24 even as Manufacturing moved into expansion. Consumer sentiment
Weekly Review and Outlook 2/3/2025
The Federal Reserve left monetary policy unchanged at their January policy meeting. The U.S. economy grew at a 2.3% annualized rate in 4Q24. Another December consumer inflation measure remained elevated
Weekly Review and Outlook 1/13/202
Post-election market optimism has evaporated as longer maturity Treasuries search for support following the December payroll reports and futures markets not expecting another Fed rate cut until May. Fed H.8
Weekly Review and Outlook 1/6/202
With the Christmas and New Year’s holidays behind, the pace of events and trading should quickly normalize. Updates over the past 2 weeks extended prior trends for U.S. Manufacturing sector
Weekly Review and Outlook 12/23/2024
The Federal Reserve Open Market Committee cut one quarter point as expected while projecting less easing in 2025. U.S. PMI trends improved on continued Services sector strength. November consumer inflation
Weekly Review and Outlook 12/16/2024
Consumer inflation remains elevated heading into this week’s Federal Open Market Committee meeting. Fiscal stimulus continues at historic levels. After being inverted for more than 2 years, U.S. Treasury 10-year