US Job Cuts Announced, monthly Challenger, Gray & Christmas There were two major economic announcements last week. The Q4/22 GDP, released by the BEA (Bureau of Economic Analysis) on Thursday (January 26th) was fawned over by the media. As we analyze below, some pundits falsely conclude that the +2.9% annualized growth rate was a sign…
Topline Inflation has begun to ease and economists are weighing the odds of the possibility of a recession in 2023—and while it still seems likely, it’s not nearly the sure bet it seemed just months ago. Federal Reserve Board Chairman Jerome Powell speaks during a news conference in Washington, DC. Getty Images Key Facts A…
Jerome Powell, chairman of the US Federal Reserve will once again announce the Fed Funds rate on … [+] Feburary 1, 2023. A 0.25 percentage-point hike is expected. Photographer: Al Drago/Bloomberg © 2022 Bloomberg Finance LP The U.S. Federal Reserve (Fed) is all but certain to raise rates 0.25 percentage-points when it announces interest rates…
Nervous Wall Street getty The stock and bond markets were nervous last week as they waited for the latest reading on inflation in Thursday’s CPI report. As was the case before the monthly jobs report on January 6th the technical outlook was positive ahead of the CPI report. The encouraging CPI report on Thursday was…
Jerome Powell, chairman of the US Federal Reserve, speaks during a international symposium on … [+] Central Bank Independence at the Riksbank in Stockholm, Sweden, on Tuesday, Jan. 10, 2023. The conference is being held in honor of Stefan Ingves, who recently ended a 17-year stint as head of Sweden’s central bank. Photographer: Erik Flyg/Bloomberg ©…
UNITED STATES – APRIL 23: Gold dust on the scales, Klondike, Alaskan gold rush, Alaska, United … [+] States of America. (Photo by DeAgostini/Getty Images) De Agostini via Getty Images With 2022 behind us, it is our duty as investors to re-evaluate our decisions, learn, and add new tools to our toolkit. Most holiday party…
Interest Rates on Mortgages, Cars, and Credit Cards Will Keep Getting More Expensive in 2023 Borrowing money to buy a house or a car won’t get any cheaper this year, the nation’s central bank just confirmed. On Wednesday, the Federal Reserve released its minutes from the Federal Open Market Committee’s (FOMC) December meeting, when it…
WASHINGTON, DC – SEPTEMBER 24: The minutes from the Fed’s December meeting acknowledged easing … [+] inflation but committed to moving rates higher. (Photo by Drew Angerer/Getty Images) Getty Images The Federal Reserve (Fed) released the minutes from the 13-14 December 2022 policy meeting where they raised rates 0.5 percentage points. The minutes acknowledged that…
Jerome Powell, chairman of the US Federal Reserve, is expected to announce another interest rate … [+] hike on February 1. Photographer: Al Drago/Bloomberg © 2022 Bloomberg Finance LP Markets expect the U.S. Federal Reserve (Fed) to raise rates again on February 1, 2023, probably by 0.25 percentage points to 4.5%-4.75%. However, there’s a reasonable…
Stock trader Peter Tuchman works on the floor of the New York Stock Exchange (NYSE). (Photo by … [+] Spencer Platt/Getty Images) Getty Images The equity markets had a horrible 2022 with the Dow, S&P 500 and Nasdaq down 8.8%, 19.4% and 33.1%, respectively. This isn’t surprising as investors faced increased interest rates, a potential…