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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:
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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 overall and core (ex-food and energy) prices increased 0.2% m/m, allowing...
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 instead. The May data was also revised modestly higher. Nevertheless, the...