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US industry shows signs of revival

Industrial revival afoot Over the last several months, we’ve highlighted three main “sub-plots” in the broader US macro narrative: resilient growth, gradually easing inflation, and softening labor market. To these, we can perhaps add another: a gradual yet...

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

US inflation data supports Fed rate cut outlook

US inflation data supports Fed rate cut outlook

September CPI data reinforces the case for two more Fed cuts in 2025 Good to go for back-to-back cutsAfter an unusually long delay caused by the government shutdown, we finally got the September...

Fed rate cuts spark US housing revival

Fed rate cuts spark US housing revival

US housing sentiment surges after Fed rate cut Housing stirs amid resumption of rate cuts Amid the ongoing government shutdown, the flow of US macroeconomic data has been limited to a few private...

US government layoffs raise labor market risks

US government layoffs raise labor market risks

This week’s economic outlook highlights US government layoffs amid a shutdown Not DOGE 2.0, but still a risk With the government shutdown heading into its second week, a number of key economic data...

Fed rate cuts spark US housing revival
Fed rate cuts spark US housing revival

US housing sentiment surges after Fed rate cut Housing stirs amid resumption of rate cuts Amid the ongoing government shutdown, the flow of US macroeconomic data has been limited to a few private data releases. Of these, perhaps the most hopeful this week was the...

US government layoffs raise labor market risks
US government layoffs raise labor market risks

This week’s economic outlook highlights US government layoffs amid a shutdown Not DOGE 2.0, but still a risk With the government shutdown heading into its second week, a number of key economic data releases—including the premier employment report—have been delayed....

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