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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August 26th, 2022 Markets sold off sharply on Friday as Fed Chairman Jerome Powell addressed central bankers, policymakers, and economists before the annual economic policy symposium in Jackson Hole. Powell didn’t parse swords to investors, warning of the pain to come for U.S. households and businesses resulting from the central bank’s plan to continue raising…
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