Delinquencies of consumer loans remain low by historical standards but appear vulnerable should the slowdown in the labor market continue. … READ MORE >
Economics
U.S. households bolster spending in August as service inflation persists
Inflation dynamics inside the August PCE report illustrated stubborn service sector inflation that increased from 3.5% to 3.6% while one can observe rising goods prices. … READ MORE >
Market Minute: Investors sell the dollar and buy U.S. equities
While global investors want exposure to the dynamic U.S. tech sector, those investors also want to reduce that exposure to the direction the dollar. … READ MORE >
Market Minute: Long-term rates rise as central banks tolerate higher inflation
As the Fed cuts rates into rising inflation, the risk of persistent increases that lead to a wider deviation from target is growing more probable. … READ MORE >
Market Minute: The impact of policy expectations on the yield curve
The U.S. Treasury yield curve has shifted downward at the short end of the curve, with 2-year and 5-year Treasury notes dropping roughly 75 basis points this year. … READ MORE >
Market Minute: Are stocks in a bubble?
After selling off during the initial tariff shock, the S&P 500 and Nasdaq indices are now setting records even as S&P 500 volatility falls below its long-term average. … READ MORE >
Market Minute: Financial conditions signal moderate risk tolerance
The RSM US Financial Conditions Index continues to signal a moderate level of accommodation in the financial markets. … READ MORE >
The rise of private label data, employment and public policy
Many businesses are turning to private label data to understand employment, inflation and the greater condition of the real economy. … READ MORE >
Market Minute: A liquidity squeeze in the money markets
Money market funds are taking funds that were parked in the Federal Reserve’s overnight repo facility and using them to buy the newly issued T-bills. … READ MORE >
Fed cuts its policy rate a quarter point amid growing tension
It would not be surprising to see market players assume that the de-facto inflation target is moving higher, toward 3%. … READ MORE >