THE WEEK IN REVIEW: August 27 – September 2, 2023
The Week in Review: August 27 – September 2, 2023 No Major Damage From Jackson Hole Federal Reserve Chairman Jerome Powell’s comments from the Economic Symposium in Jackson Hole, Wyoming, didn’t really change the overall mood of the markets, although he was pretty hawkish. At last year’s summit, Powell basically…
THE WEEK IN REVIEW: August 20-26, 2023
The Week in Review: August 20-26, 2023 Mixed Signals Lead to Mixed Returns Markets didn’t know which direction to go last week as they tried to decide which had more weight: the good news or the not-so-good news. On the good side, the labor market appears strong, as the weekly…
THE WEEK IN REVIEW: August 13-19, 2023
The Week in Review: August 13-19, 2023 Fed Hike Remains on the Horizon The minutes from the last Federal Reserve meeting were released last week. They showed some Fed members were in favor of pausing rate hikes, but most were on the side of continuing to raise rates. The 10-year…
THE WEEK IN REVIEW: August 6-12, 2023
The Week in Review: August 6-12, 2023 Sticky Inflation Inflation, as measured by the consumer price index (CPI), came in at 3.2% year over year for July, up 0.2% from June’s reading of 3.0%. The producer price index (PPI) was also elevated from the June reading, yet the year-over-year rate…
THE WEEK IN REVIEW: July 23-29, 2023
The Week in Review: July 23-29, 2023 Another Fed meeting, another rate hike As anticipated, the Federal Reserve increased interest rates by another 25 basis points during last week’s meeting, taking the Fed Funds rate to 5.25-5.50% (the highest level since 2001). In his post-meeting remarks, Fed Chair Jerome Powell…
THE WEEK IN REVIEW: June 18-24, 2023
The Week in Review: June 18-24, 2023 Markets pause as summer officially starts and Powell weighs in After reaching 4,400 points at breakneck speed, the S&P naturally took a few steps back last week. Markets have slumped since the last Federal Reserve meeting, as they digested recent gains and consolidated…
THE WEEK IN REVIEW: May 21-May 27
The Week in Review: May 21-27 Take it to the limit – one more time! “So put me on a highwayAnd show me a signAnd take it to the limit one more time” Remember the Eagles song? It must feature prominently on our elected officials’ playlists, because no matter how…
THE WEEK IN REVIEW: November 26 – December 2, 2023
The Week in Review: November 26 – December 2, 2023 November Was A Good Month For Markets Christmas came early this year for investors. Colloquially known as a “Santa Claus rally,” the market experienced an upward bounce in the latter half of November. On the equities side, the S&P 500…
Read more
Fed gdp Inflation jobs recession