Ballestas Group
- Sep 23, 2022
- 1 min read

New Normal of the American Economy

On Wednesday, the Fed approved a new interest rate hike of 75 basis points for the third time in a row, pushing the Central Bank's benchmark rate to a new target range of 3%-3.25%. This is the highest federal rate since the 2008 financial crisis. Fed Chairman Jerome Powell delivered a message in line with his Jackson Hole remarks, reaffirming his mission to fight inflation to the 2% target. 2-year and 10-year Treasury bond yields came in at 4.16% and 3.72% respectively, inverting the yield curve between rates at -45 basis points.

Click Here

Recent Posts

See All

Housing Market Crash and Rising Tariffs: Economic Impact on U.S. and China

Existing home sales in the U.S. fell 4.3% month-over-month in March as mortgage rates rose to 7.1%. Also, new residential construction plunged 14.7% from the previous month, the biggest drop since Apr

Expectations Review: Fewer Rate Cuts on the Horizon?

After three higher-than-expected CPI indices, investors recalibrated their expectations for rate cuts, projecting fewer reductions. Originally, up to three cuts were expected before the end of the yea

On the Road to Success: Investor Expectations in the Face of Federal Comments and Solid Economic Growth

Investors await comments from the Federal Reserve and key economic data such as Personal Consumption Expenditures (PCE) in this holiday-shortened week. The economy grew faster than expected in Q4 2023