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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
Inflation Report Surprises Fade Rate Cut Prospects
The hotter than expected February CPI data had faded the odds of a May rate cut. The hotter than expected March CPI data has greatly faded not only the odds of a June cut (with market odds now just...
Macro Resilience Continues
The US economy continues to generate jobs at a seemingly relentless pace as payrolls grew by a much better than expected 303k in March. The upside surprise was notable, yet in line with the labor...
Inflation Continues to Dominate Market Action
Inflation and geopolitical fears continue to dominate market action. In the midst of a veritable “tsunami of hawkishness”, our latest opinion piece is a reminder that US inflation and labor market...
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 to 2.6% y/y while leaving the core inflation rate unchanged at 3.3%...
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 well-anticipated 25-basis point cut had little impact on markets. The big moves...
