Media – Blog
November 7, 2023
GDP Doubled in Q3 2023 The first reading for 3rd quarter GDP came in at +4.9%, more than double the +2.1% reading in the 2nd quarter and the most in nearly two years. The US consumer continues to drive the economy forward with personal consumption rising +4%. Spending on services
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October 30, 2023
What effects have the labor strikes had on credit markets and how may the Fed’s tightening cycles create further impact? Introduction The U.S. lost 4.1 million days of work to strikes in August, the most in 23 years. The end to the Writers’ strikes brought this figure down to 3.6
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October 17, 2023
Fed Pivot Recent speeches from Fed members have signaled that the FOMC may be finished raising rates, due in part to the rise in long-term bond yields over the past month. The rise in Treasury yields has increased borrowing costs by an amount equal to or even more than a
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October 4, 2023
Treasury Yields Surge (as of 10/3/2023) September saw Treasury yields rise to the highest levels in decades. Several factors may have led to the increase, including: Higher oil prices – both Brent and WTI are reaching new highs for the year and are close to $100 per barrel. Higher-for-longer narrative
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October 3, 2023
Could potential changes in the economy from the end of the Fed’s tightening cycle lead to a higher neutral rate? Introduction With the Federal Reserve System (the “Fed”) nearing the end of its tightening cycle, the question for investors has shifted to whether rates can truly remain “higher for longer”,
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September 18, 2023
CPI - headline spike all energy related Headline inflation had been forecasted to increase in August as a result of the highest fuel prices so far this year. So, it came as no surprise that CPI rose +0.6% in August, which marked the highest monthly increase since June of 2022.
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September 5, 2023
August Bond Yields - Up, then Down To recap, US Treasury yields rose during the first half of the month led by a variety of factors: increased Treasury supply, solid economic data, higher inflation expectations, reduced overseas demand for US government securities and Fitch’s ratings downgrade. The 10-year note reached
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August 24, 2023
Two Down, Two To Go Following July’s FOMC meeting, Fed Chair Powell repeatedly referenced the theme of data dependency and confirmed that the Fed will be focused on the two job reports and two CPI reports still to be released ahead of their September meeting. To date, we’ve seen two
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August 15, 2023
What is an Investment Policy Statement (IPS)? Investment Policy Statements (IPS) are written directives provided by investors to their investment managers that defines the objectives, policies, and guidelines governing the management and oversight of their portfolio. An IPS serves as an essential tool in dictating how an investor’s portfolio should
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August 10, 2023
Introduction Fitch Ratings’ downgrade of the United States coveted “AAA” credit rating to “AA+” on Tuesday, August 1st, 2023, drew an end to a minor mystery. The rating agency left U.S. sovereign debt on “Rating Watch Negative” after Congress agreed to suspend the debt limit just days before the x-date
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