Download Category: 2024

22 Jan 2025

Q4 – 2024

Q4 – 2024

The Friday, January 10 jobs report surprised on the upside following Thursday’s stronger than expected job growth in the BLS’s December employment report. The market reaction was a continued rise in longer term interest rates.

17 Oct 2024

Q3 – 2024

Q3 – 2024

The September inflation report issued by the Labor Department reports the consumer price index rising 2.4% from a year ago and the core index rising 3.3%. Both were, slightly above economists’ forecasts.

25 Jul 2024

Q2 – 2024

Q2 – 2024

What a difference a few months makes. As noted in previous letters many at the Federal Reserve and private sector economists believed the trend to lower inflation to the FED’s 2% target would be bumpy. That has certainly been the case of late.

22 Apr 2024

Q1 -2024

Q1 -2024

In our previous letter in January we noted that the trend to lower inflation and interest rates will be bumpy as it usually is. The consensus then pointed toward lower yields ahead driven by perceptions of a slowing economy both here in the U.S. and abroad.