Macro Investor macro analysis is heavily influenced by U.S. politics, centered on the presidential transition and cabinet appointments. Concerns persist over potential destabilization stemming from efforts to “dismantle the deep state,” which includes the intelligence community, defense establishment, and broader…
Macro The U.S. economy delivered mixed signals. Initial jobless claims fell for the third consecutive week, but continuing claims rose to a three-year high. The Philadelphia Fed manufacturing index returned to contraction, but the composite PMI reached its highest level…
Macro Initial jobless claims in the United States fell by 6,000 to 213K, beating expectations of 220K and reaching their lowest level since April. At the same time, however, continuing claims rose by 36K to 1.91 million, the largest increase…
Macro This week, the market has been digesting the first rate cut of the current cycle. The Fed began its easing with a jumbo 50 basis point cut, managing to avoid spooking the market. While the market had priced in…
Macro Federal Reserve Chair Jay Powell’s comments and updated interest rate forecasts aim to reinforce a “Goldilocks” narrative—suggesting that economic conditions are neither too hot nor too cold while inflation continues moving in the right direction. The big question for…
Macro This week’s economic developments were driven by the August payroll report, which missed expectations for job growth, while the unemployment rate was better than anticipated. The market now treats “bad news as bad news,” with caution reflecting a potential…
Macro This week, we had normalization of the macro numbers, with GDP revised upward, an uptick in consumer sentiment alongside a slight rise in the Personal Consumption Expenditures (PCE) index. This week’s key economic releases included: The GDP growth estimate…
Macro Powell’s comments at Jackson Hole on Friday and BLS payrolls benchmark revision on Wednesday were the week’s highlights. Jackson Hall symposium is vital as the central bankers from around the world will discuss progress on the inflation front, which…
Macro In July, headline and core CPI eased for the fourth consecutive month, with year-over-year rates dipping to 2.9% and 3.2%, respectively. The 3-month moving average fell to an annualized 1.58%, its lowest point over three years. However, the overall…
Macro This week, the market has dealt with tremendous volatility, most of which was a repercussion of the Bank of Japan’s previous week’s decision (Wednesday, 31st of July) to hike for the second time in 17 years and bring interest…
