The July CPI results came in at expectation with an increase of 0.2 percent for the month while the year-over-year number for the headline result was slightly favorable with a 3.2 percent result compared to the 3.3 percent expected.
This week holds the July FOMC Meeting. Market participants anticipate that the FOMC will raise the Fed Funds rate one more time to the 525-550 basis point level. As it stands today, the CME Group projects the greater probability that this will serve as the peak in the Fed Funds rate.
This week holds the July FOMC Meeting. Market participants anticipate that the FOMC will raise the Fed Funds rate one more time to the 525-550 basis point level. As it stands today, the CME Group projects the greater probability that this will serve as the peak in the Fed Funds rate.
Are we headed for a recession? At the beginning of 2023, market indicators pointed in that direction, but has that now changed?
This week holds the July FOMC Meeting. Market participants anticipate that the FOMC will raise the Fed Funds rate one more time to the 525-550 basis point level. As it stands today, the CME Group projects the greater probability that this will serve as the peak in the Fed Funds rate.
During the week ending July 14, the Major Markets continued the climb higher, as all five indices ended in positive territory. Moreover, both the Nasdaq and the S&P 500 managed to see fresh 52-week highs.
The FOMC (Federal Open Market Committee) meets eight times a year to assess the health of the economy. At their last meeting on June 13th-14th, they voted to keep the interest rate steady. This is the first time since March 2022 they have not increased the Fed Funds rate in their quest to slow the … Continued
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