Investors are pricing in a faster growth, which a big reason that rising Treasury yields have not resulted in a correction in equity valuations. … READ MORE >
Joe Brusuelas
Market Minute: As CPI stays elevated, real wages decline
The Consumer Price Index for September is likely to increase by 0.6% on the month and by 3.6% annually when the data is released on Oct. 14. … READ MORE >
Market Minute: Global bond selloff accelerates with focus on France
Yields on government securities are increasing, led by France, as fiscal pressure mounts, inflation rises, and the global carry trade unwinds. … READ MORE >
Market Minute: Home ownership and 7% mortgage rates
Higher long-term rates will be a fact of life for the foreseeable future, offering no relief on housing costs. … READ MORE >
Market Minute: Rebalancing of trade falters as U.S. partners look elsewhere
The overall deficit has widened and the trade taxes imposed on U.S. companies are being passed along to customers, resulting in higher inflation. … READ MORE >
Market Minute: Bond rout doing Fed’s work as financial conditions tighten
The RSM US Financial Conditions Index suggests only a moderate level of accommodation remaining in the financial markets. … READ MORE >
Low-hire, low-fire labor market continues in September jobs report
the slowing in the top-line estimate should reinforce market expectations that the Federal Reserve will not increase interest rates at its meeting at the end of the month. … READ MORE >
India’s inflation shock adds pressure on central bank
We expect the RBI to raise the repo rate by 25 basis points to 5.50% at its next meeting, while emphasizing that subsequent moves will remain dependent on the evolution of inflation and the energy shock. … READ MORE >
Market Minute: Remarkable stability in pace of firings
The low-fire, slow-hire context that has defined the U.S. jobs market over the past two years is not likely to change anytime soon. … READ MORE >
Expansion accelerates as inflation remains elevated
Household spending strengthened in September, and revised second-quarter gross domestic product shows the economy entered midyear on firmer footing than initially estimated. … READ MORE >