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Fed Chair Powell: Economic Outlook "Uncertainty"

Calculated Risk

From Fed Chair Powell: Economic Outlook Despite elevated levels of uncertainty, the U.S. Recent Economic Data Economic growth The economy has been growing at a solid pace. Recent indicators point to a possible moderation in consumer spending relative to the rapid growth rate over the second half of 2024.

Economics 162
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Tuesday links: controlling what you can control

Abnormal Returns

(cnbc.com) How Lilly plans to ramp production by 50% in 2024. disciplinefunds.com) The economic tables have turned as Greece, Spain and Portugal outperform. abnormalreturns.com) Adviser links: communication skills. biopharmadive.com) CEOs Corporate execs get a good deal when they fly on their corporate jets.

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FOMC Preview: 75bp Hike

Calculated Risk

In our view, based on the median policy rate path as expressed in the September SEPs and communication from some FOMC participants like San Francisco Fed President Mary Daly, the committee is likely to engage in a debate on the appropriateness of slowing the pace of policy rate hikes beginning in December. June 2022 1.5 in September.

Banking 345
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FOMC Preview: No Change to Policy Expected

Calculated Risk

On the meeting this week from BofA: " We expect the Fed to stay on hold at the September FOMC meeting , consistent with recent Fed communications and current market pricing. The biggest focus of the September meeting should be the updated Summary of Economic Projections (SEP). Economic projections will be released at this meeting.

Banking 288
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FOMC Minutes: Staff Predicts Mild Recession; Additional Increases in Fed Funds Rate "Appropriate"

Calculated Risk

Excerpt: The economic forecast prepared by the staff for the June FOMC meeting continued to assume that the effects of the expected further tightening in bank credit conditions, amid already tight financial conditions, would lead to a mild recession starting later this year , followed by a moderately paced recovery.

Economics 305
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FOMC Minutes: "Additional favorable data were required to give them greater confidence that inflation" was Moving to Target

Calculated Risk

From the Fed: Minutes of the Federal Open Market Committee June 11–12, 2024. In discussing their individual outlooks for the target range for the federal funds rate, participants emphasized the importance of conditioning future policy decisions on incoming data, the evolving economic outlook, and the balance of risks. emphasis added

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Weekly Market Insights – February 26, 2024

Cornerstone Financial Advisory

Stocks Rally To Record Highs Stocks traded in a fairly tight range for the first half of the short week, yawning at the lack of economic data while awaiting earnings results from one key company that creates chips that power the artificial intelligence operations of many firms. Source: YCharts.com, February 24, 2024. A), eBay Inc.

Marketing 105