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Get expert insights with SSGA news, market updates, reports, and webinars for timely financial guidance.CalTRUST Update
Post Federal Reserve Meeting Q&A
As part of our initiative to bring timely market information to California public agencies, CalTRUST Chief Executive Officer Laura Labanieh had a brief Q&A with State Street Global Advisors’ Vice President, Portfolio Strategist Will Goldthwait to reflect on this week’s Federal Reserve meeting:
Market News
Housing Market Faces Tepid Spring
It has been clear for a while that the 2025 spring home buying season was going to be rather uninspiring. Additional data this week confirmed this assessment. Admittedly, new home sales surprised...
Temporary Rise in US Inflation Ahead
Both overall and core (excluding food and energy) consumer prices rose by 0.2% MoM. This allowed the headline inflation rate to ease to 2.3% YoY, while the core inflation rate remained unchanged at...
Next Fed Cut Could Be in July, Not June
We maintain our call for three cuts this year—75 bp worth of cuts—but we have pushed the first cut from June to July. Fed Is Attentively on Hold Sometimes, when things are just too complicated, the...
Fed on hold, but for how long?
The Fed remains on hold amid modest inflation gains and political noise around Chair Powell. Fed on hold for now, but not for much longer The June CPI data was the week’s main macro data event, but it was overshadowed by speculation around the search for the next Fed...
Big Beautiful Bill brings tax clarity
The One Big Beautiful Bill brings tax clarity amid global trade uncertainty. The big beautiful bill is now law The signing into law of the One Big Beautiful Bill (OBBB) marks the second most important economic policy development since the April 2 tariff announcements....
