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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
No Need For Fed To Skip December Cut
The consumer price data for October came in as expected, with overall prices rising 0.2% m/m and core prices (ex food and energy) up 0.3% m/m. This lifted the headline inflation rate by two tenths...
Elections Give Directional Clarity but Magnitude, Timing, Still Uncertain
It is rare that a Fed meeting is not the main event during the week of its occurrence. But, when competing with general elections—as it did this round—there is no contest. So, the Fed’s...
Hot and Cold
This week’s US data was a study in contrasts. Third-quarter GDP data showed solid performance while the latest jobs data showed a clear cooling in the labor market, above and beyond hurricane and...
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 worth a whole lot, however, given that relevant policy changes have...
Neither Invincible, Nor Broken
We have spent much of the last two months (including in a recent piece here) defending our increasingly out-of-consensus call for three Fed rate cuts in 2025. A series of recent data disappointments has brought market pricing much closer to that view. This, of...
