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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 perfectly compatible with September rate cut
The inflation updates for July have been mixed but remain perfectly compatible both with a Fed rate cut in September and further additional reductions. We maintain our long-standing call for 75-bp...
Fed dissent signals policy shift ahead
It wasn’t really a surprise, but it may well have been a mistake. The FOMC decided to once again leave the Fed Funds rate unchanged at 4.25–4.50%, where it has been since December. But unlike prior...
Fed on hold, but for how long?
The Fed remains on hold amid modest inflation gains and political noise around Chair Powell. Fed on hold for now, but not for much longer The June CPI data was the week’s main macro data event, but...
The wait may be over soon
The long wait for the resumption of Fed rate cuts may be soon over. Almost irrespective of the next payrolls report, there is enough softness in broader labor market data to warrant a modest reduction in the Fed Funds rate. Whatever objections there are to such a move...
Welcome Jackson Hole developments
The Fed Chair’s speech at the Jackson Hole symposium is always acutely relevant for investors, and it proved so once again this year. There were always going to be two key parts to this: the short-term outlook, on one hand, and changes to the policy framework, on the...
