September 23rd, 2022 It was a brutal week for markets as the Federal Reserve announced its third consecutive 75 bps hike at the conclusion of its 2-day FOMC meeting on Wednesday. Wednesday’s hike marked the central bank’s fastest pace of monetary tightening since the early 1980s, and at a targeted range of 3.00% to 3.25%,…
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September 16th, 2022 Rising core inflation gave markets a rude wake-up call this week, throwing cold water on the market’s recent narrative that the Federal Reserve would soon pivot to a less aggressive posture. Core CPI surprised to the upside, jumping 0.60% in August. That was above estimates of a 0.30% rise. The month-to-month increase…
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September 9th, 2022 Wall Street managed to break its three-week losing streak as kids headed back to school and workers returned to cubicles following the Labor Day holiday. Stocks seesawed early in the abbreviated trading week as investors digested last week’s nonfarm payrolls report. The August jobs report showed that businesses added 315K new hires…
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