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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
Tariffs Are an Active Threat to Both Sides of Dual Mandate
New tariffs announced on April 2 leave the average US tariff rate at the highest level in a century (18.8% based on Tax Foundation estimates). The market reaction has been powerful but orderly so...
Current Data Less Relevant Amid Changes
The February inflation data was, on the margin, better than expected, and so was the January JOLTS report. However, both data points have diminished relevance amid the onslaught of policy...
Short-Term Pain for Long-Term Gain?
Amid a slew of disappointing data releases and fever-pitch anxiety over tariff policy and DOGE actions, the February jobs report offered a welcome reprieve and a signal of resilience. It may not be...
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 positively in April with sales at 743k annualized, but this was largely...
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 2.8% YoY. These figures are the lowest since early 2021. However,...
