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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
Chair Powell Cements September Fed Cut
It was an unusually light data week in the US, dominated by Chair Powell’s speech at the Jackson Hole symposium. It was a speech we could have written ourselves. Arguably, we have…not the words...
Road Clears for a Fed Cut in September
The July inflation data was slightly better than expected, but there was enough there in the details to preclude too jubilant an interpretation. Indeed, the market reaction was very muted. Both...
US Industrial Sector Activity Improves
After two months of undershooting expectations, retail sales finally beat them in June. Admittedly, it was not such a high bar: consensus anticipated a 0.3% m/m drop in sales and they were flat...
Misleading Payrolls Strength?
For anyone who was hoping to ease into the macro data releases of the new year, the December employment report certainly did not offer such opportunity. Reported job gains totaled 256k, far above the 165k consensus. Revisions to the prior two months were...
FOMC To Ease But Signal Fewer Cuts in 2025
The last inflation report before year-end cemented market expectations of another Fed rate cut at the December 18 meeting. This had long been our view, even as doubts grew around its likelihood following the election results.This is not to say that this was...
