April 9, 2024 United States: State Street Sees Half-Point Fed Rate Cut as Soon as June State Street Global Advisors is bucking the recent hawkish shift in market consensus to bet that the Federal Reserve will cut interest rates by 50 basis points as soon as June. The $3.6 trillion asset manager thinks the
April 8, 2024 United States: Traders Favor Two Fed Cuts in 2024 With US Rates at Year’s Highs Traders’ conviction on three quarter-point interest-rate cuts from the Federal Reserve this year is quickly dissipating, with markets now favoring just two reductions. Interest-rate swaps imply around 60 basis points of US monetary easing this year,
April 5, 2024 United States: US Jobs Roar Again as Payrolls Jump 303,000, Unemployment Drops US payrolls rose in March by the most in nearly a year and the unemployment rate dropped, pointing to a strong labor market that’s powering the economy. Nonfarm payrolls advanced 303,000 last month following a combined 22,000 upward revision
April 4, 2024 Gas Price Movement - April 4, 2024 Disclaimer: Analyst Certification - The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no
April 4, 2024 United States: US Initial Jobless Claims Tick Up to Highest Since January Initial applications for US unemployment benefits rose last week to the highest since January, consistent with a recent uptick in the number of job cuts. Initial claims increased by 9,000 to 221,000 in the week ended March 30, according
April 3, 2024 United States: Fed’s Bostic Expects One Rate Cut This Year, in Fourth Quarter Federal Reserve Bank of Atlanta President Raphael Bostic said it will likely be appropriate to lower interest rates in the fourth quarter, emphasizing the bumpy nature of inflation progress. Bostic reiterated his expectation for just one rate cut
April 2, 2024 United States: Markets Are Back to Seeing Fewer Rate Cuts Than the Fed For a brief moment last week, the market and the Federal Reserve were on the same page about the pace of monetary easing. It didn’t last long, and Treasuries investors are paying the price. After spending much of
March 28, 2024 United States: Key Gauges of US Economy Advanced at Healthy Clip to End 2023 The government’s two main measures of US economic activity posted strong advances at the end of last year, pointing to an economy that’s still expanding at a healthy clip. Gross domestic product rose at an upwardly revised 3.4%
March 27, 2024 United States: Asset-Backed Securities Face New Risks From a US Court Decision A federal court decision has raised new legal risks for a corner of Wall Street that bundles consumer loans into asset-backed securities. A US appeals court last week for the first time upheld the power of the Consumer Financial Protection Bureau
March 26, 2024 United States: US Home-Price Growth Picks Up With ‘Healthy Gains’ Across Cities Home-price growth in the US accelerated at the fastest rate since 2022, increasing pressure on buyers after the worst year for property sales in nearly three decades. Prices nationally climbed 6% in January from a year earlier, according to
