Weekly Update 02/21/2025: Fed Minutes Show Cautious Approach to Future Rate Cuts
US housing starts slowed in January as builders pulled back on single- and multifamily home construction amid growing worries over mortgage rates and unsold homes.
Weekly Update 02/14/2025: Earnings Season Winds Down as Inflation Pressures Remain Sticky
Here is a quick summary of this earnings season so far. As of last Friday, 72% of the S&P 500 companies had reported with the index showing a very strong 13.3% year-over-year growth so far relative to the expectation for 7.3% growth.
Weekly Update 02/07/2025: Earnings Season Continues
The Bureau of Labor Statistics (BLS) Job Openings and Labor Turnover Survey, known as JOLTS, released Tuesday showed openings were 7.6 million in December, a three month low.
Weekly Update 01/31/2025: Fed Keeps Rate Unchanged
The Federal Open Market Committee voted unanimously to keep the federal funds rate target, its main monetary policy tool, in a range of 4.25%-5.00% as expected.
Weekly Update 01/24/2025: Earnings Season Rolls On With Impressive Results So Far
The number of Americans on benefit rolls climbed to a more than three-year high, while first-time applications for US unemployment insurance edged higher.
Weekly Update 01/16/2025: Our offices will be closed on Monday, January 20, in observance of Martin Luther King, Jr. Day. The equity and bond markets will also be closed. We will reopen during normal business hours on Tuesday, January 21.
This week, two key inflation measures were updated. The producer price index (PPI) from the Bureau of Labor Statistics (BLS) revealed that wholesale prices unexpectedly cooled in December.