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December's Robust Employment Numbers Shake Confidence in Early Fed Rate Cuts
Markets reduced their bets that the US Federal Reserve will begin cutting rates as soon as March, as December non-farm payrolls rose by a...
Ballestas Group
Jan 8, 20241 min read
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Year-End Rally! Rate Cut Expectations Drive Stocks to Record Highs in the U.S.
A strong rally was seen throughout December, pushing stocks to record highs. Expectations that the Federal Reserve will begin easing...
Ballestas Group
Jan 2, 20241 min read
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November PCE Index Drives Expectations of Rate Cut in March
The November personal consumption expenditures (PCE) index data was released on Friday, which showed a 3.2% increase compared to the same...
Ballestas Group
Dec 26, 20231 min read
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US Economy: Nov CPI Up, Underlying Indicators Steady, Industrial Production Below Forecast
Relevant macroeconomic data was presented this week in the United States. The US CPI for November rose by 0.1%, while the underlying...
Ballestas Group
Dec 18, 20231 min read
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November Job Surge: 199K New Hires Beat Expectations, Unemployment Drops to 3.7%
Employment data for the month of November was released this week. More jobs than expected were reported for the month of November, as the...
Ballestas Group
Dec 11, 20231 min read
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U.S. Economy Beats Expectations with 5.2% Growth in Q3
The U.S. economy grew even faster than expected in the third quarter, according to revised data released this week. Gross Domestic...
Ballestas Group
Dec 4, 20231 min read
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Federal Reserve Weighs Interest Rate Path Amidst Uncertainty
The minutes of the November 1 meeting of the Federal Open Market Committee show that the Federal Reserve may not need to raise interest...
Ballestas Group
Nov 27, 20231 min read
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Inflation Holds Steady, Yields Drop, and Moody's Issues Warning - Navigating the Economic Landscape
Consumer prices were unchanged from the previous month and rose 3.2% y-o-y, down from 3.7% in October. Core inflation, which excludes...
Ballestas Group
Nov 20, 20231 min read
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Federal Reserve's Caution and Job Market's Pause Point to End of Tightening Era
After holding rates steady on Wednesday, the Federal Reserve acknowledged that tighter financial conditions will likely affect economic...
Ballestas Group
Nov 6, 20231 min read
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U.S. GDP Soars at 4.9% Pace in Q3, Inflation Remains in Check
The preliminary reading of U.S. GDP shows that the economy expanded at a 4.9% annualized rate during the third quarter, more than...
Ballestas Group
Oct 30, 20231 min read
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Powell's Monetary Balancing Act: Treading Lightly on Uncertain Ground
U.S. Federal Reserve Chairman Jerome Powell on Thursday gave a speech at the Economic Club of New York. Powell said that given the...
Ballestas Group
Oct 23, 20231 min read
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Israel Declares War on Hamas: Blinken in Arab States for Peace Talks Amid Fiscal & Political Turmoil
Israel declared a state of war on Saturday after Iranian-backed Hamas terrorists carried out the most devastating attack in the Jewish...
Ballestas Group
Oct 16, 20231 min read
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Conflicting Jobs Data: Private Payrolls Weaken While Nonfarm Payrolls Remain Resilient
Job growth in the United States surpassed expectations in September. The U.S. economy added 360,000 new jobs, and subsequent revisions...
Ballestas Group
Oct 5, 20231 min read
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Inflation Moderates, Government Shutdown Looms, and Housing Market Fluctuates
The core personal consumption expenditures (PCE) price index rose 0.1% in August, less than expected, representing the smallest monthly...
Ballestas Group
Oct 2, 20231 min read
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Federal Reserve's Bold Moves: Bond Yields Surge, Tech Stocks See Modest Decline!
The Federal Open Market Committee convened this week, and as anticipated, no changes were made to the interest rate, leaving the upper...
Ballestas Group
Sep 22, 20231 min read
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Inflation Fluctuations, Retail Surges, Political Turbulence
After peaking at 9.1% in June 2022, U.S. consumer prices steadily declined each month until this past June when the inflation rate hit a...
Ballestas Group
Sep 14, 20231 min read
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Monetary Policymakers Signal Unlikely September Rate Hike
This week, several U.S. monetary policymakers testified, helping to solidify the view that a rate hike at this month's FOMC meeting is...
Ballestas Group
Sep 11, 20231 min read
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Fed Rate Hike Uncertainty Looms After Mixed Jobs Report
The speeches delivered in Jackson Hole failed to significantly influence implied rates in the market, and the prevailing expectation...
Ballestas Group
Aug 31, 20231 min read
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Powell's Inflation Battle: Jackson Hole Decision Sparks Market Surge
At Jackson Hole, Powell ratifies path of interest rate hike to fight inflation. Although inflation has shown some decline since its peak,...
Ballestas Group
Aug 28, 20231 min read
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Inflation Upside, Growth Concerns, and Yield Surges
The minutes of the July Federal Open Market Committee meeting show that most Fed members continue to see significant upside risks to...
Ballestas Group
Aug 20, 20231 min read
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