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Get expert insights with SSGA news, market updates, reports, and webinars for timely financial guidance.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
Big Beautiful Bill brings tax clarity
The One Big Beautiful Bill brings tax clarity amid global trade uncertainty. The big beautiful bill is now law The signing into law of the One Big Beautiful Bill (OBBB) marks the second most...
July rate cut unlikely
Stronger US jobs data dims July rate cut hopes. It is turning into a bit of a pattern: a payroll report that bests expectations on headline, but with weak details. This was certainly the case in...
Mixed Signals in Latest Data
Unsurprisingly, US macro data continues to send mixed messages. Consumer sentiment improved following tariff relief, but personal spending cooled as consumers took a break following a torrid...
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 worth of rate cuts this year. July’s consumer price inflation was in...
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 hold decisions, this was not a unanimous one; it was anything but. Two...
