top of page

FED Halt, Debt Talks, and Job Slowdown

Ballestas Group

Expectations are increasing that the FED will halt the rate hike at the next monetary policy meeting, given the April inflation data and the lag between monetary policies and their effects on price levels. In April, consumer prices rose 0.5% from the previous month and 4.9% from the previous year. The core CPI rose 0.4% in the month and 5.5% in the year, slightly below the previous month's 5.6%. In addition, basic services excluding housing only increased by 0.11% month-on-month, its lowest reading in eight months. However, prices for basic goods unexpectedly rose, led by an increase in used car prices.

Negotiations regarding the US debt ceiling are progressing. This week, President Joe Biden met with the leaders of the House of Representatives and the Senate. The meeting scheduled for Friday, May 12 was postponed to next week, as reported by White House sources, as progress is being made towards an agreement.



4 views0 comments

Recent Posts

See All

Comentarios


ballestas-logo-blanco-1.png

Securities Offered Through Bolton Global Capital, Inc. Member FINRA, SIPC 

Advisory Services Offered Through
Bolton Global Asset Management, a SEC Registered Investment Advisor

Ballestas Group, Bolton Global Capital and Bolton Securities are not affiliated with BNY Mellon or Pershing, LLC.

State securities laws require that your Financial Representative be registered in the state in which you live.  For this listing, please refer to the Broker Check Link provided.

Check the background of your financial professional or our broker-dealers and registered investment advisor on FINRA's BrokerCheck. ​Bolton Global Capital, Bolton Global Asset Management and their financial professionals do not provide tax services. Copyright Bolton Global Capital, LLC, a registered broker-dealer.  For more information, visit https://finra.org or https://sipc.org.  Copyright Bolton Securities Corporation, d/b/a Bolton Global Asset Management and other trade names, a federally registered investment advisor.

 

Click on the following LINK for copies of the firms’ Form ADV, Client Relationship Summary, Brokerage and Advisory Accounts Fee and Conflicts Disclosure and other important disclosure information.

Ballestas Group © 2023. All Rights Reserved.

MB1/MBA0001d

bottom of page