Market Week: May 01, 2023
The week in review Consumer confidence fell to 101.3 Prelim. 1Q23 GDP came in below consensus at 1.1% Headline/Core PCE: 4.2%/4.6% y/y The week ahead FOMC meeting JOLTS Mfg. and services PMIs Employment Thought of the week At the March meeting, 17 out of 18 FOMC...Debt Ceiling Showdown: Should Investors Worry?
Stop me if you’ve heard this one before: U.S. lawmakers are clashing over a legislative action to raise the federal debt ceiling. The issue has been percolating for months but could come to a head this summer as the U.S. Treasury starts running out of money to pay its...Market Week: April 24, 2023
On the back of rising mortgage rates, construction activity cratered in 2H 2022, with housing starts falling by 40% and 14% annualized in 3Q22 and 4Q22, respectively…