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Recent Jobs Data Could be What The Fed is Looking For

Key Takeaways: For the week ending May 4th, initial jobless claims rose to 231,000, higher than the expected 210,000 and the previous week's 209,000. One of...

US Economy Falls Short of Job Expectations

Key Takeaways: The U.S. economy added 175,000 jobs in April, falling short of the consensus estimate of 243,000 The unemployment rate remained relatively stable at 3.9%,...

FOMC Report, The Fed is Normalizing its Balance Sheet

Key Takeaways: In the latest report, the Committee notes a "lack of further progress" in recent months, suggesting that the inflation rate has not been...

Federal Reserve Likely to Hold Rates Amid Persistent Inflation

Key Takeaways: The S&P 500 Fell 1.78% today, the market could be pricing in the Federal Reserve's decision. CME Group's FedWatch tool currently indicates a 99.5%...

S&P 500 up 0.4% as Investors Wait For The Upcoming Fed Meeting

The S&P 500 remained somewhat stable today as investors await the upcoming Federal Reserve interest rate meeting scheduled for May 1, 2024. Market participants...

Slightly Higher Inflation Readings, Lower Consumer Sentiment

Key Takeaways: The Core PCE Price Index came in at 2.8% year-over-year, and above the 2.6% consensus. The Michigan Consumer Sentiment Index for April came in...

GDP Growth Lower & Positive Labor Market Led the S&P Lower

Key Takeaways: The GDP growth rate for the first quarter of 2024 came in at 1.6%, lower than the consensus estimate of 2.5% and a...

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