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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 labor market signals persistent softness

US labor market signals persistent softness

US labor market indicators weaken amid a government shutdown Consistent messages of labor market softness Please see here our special commentary on the US government shutdown. We have been...

US macro data stronger than expected

US macro data stronger than expected

US data remains resilient with bullish undertones for risk assets, as PCE inflation aligns with expectations. Undertones of resilience in US data Essentially every US data release this week came in...

US inflation mixed, labor data worsens

US inflation mixed, labor data worsens

Mixed inflation data, more troubling labor data There was some relief around the August inflation data, with CPI inflation coming in largely as expected and PPI inflation surprising to the downside...

US labor market signals persistent softness
US labor market signals persistent softness

US labor market indicators weaken amid a government shutdown Consistent messages of labor market softness Please see here our special commentary on the US government shutdown. We have been arguing for quite a while that the US labor market is not nearly as...

US macro data stronger than expected
US macro data stronger than expected

US data remains resilient with bullish undertones for risk assets, as PCE inflation aligns with expectations. Undertones of resilience in US data Essentially every US data release this week came in stronger than anticipated. A big surge in new home sales in August, an...

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