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FOMC Minutes: Staff Predicts Mild Recession; Additional Increases in Fed Funds Rate "Appropriate"

Calculated Risk

Excerpt: The economic forecast prepared by the staff for the June FOMC meeting continued to assume that the effects of the expected further tightening in bank credit conditions, amid already tight financial conditions, would lead to a mild recession starting later this year , followed by a moderately paced recovery.

Economics 117
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Weekly Market Insights – March 4, 2024

Cornerstone Financial Advisory

1 Economic news also helped boost markets. Consumers Remain Upbeat With all the excitement over AI, it’s easy to overlook some key economic indicators that also speak to the underlying strength of the economy—specifically, consumer data. 3,4 This Week: Key Economic Data Monday: Motor Vehicle Sales.

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Weekly Market Insights – September 4, 2023

Cornerstone Financial Advisory

Weekly Market Insights: September Stocks Open In Positive Territory Presented by Cornerstone Financial Advisory, LLC Falling bond yields–spurred by weak economic data–helped lift stocks to weekly gains. A downward revision of Q2 economic growth and fresh signs of a cooling labor market reversed the recent rise in bond yield.

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Weekly Market Insights – March 11, 2024

Cornerstone Financial Advisory

The economy added 275,000 jobs in February—exceeding the 198,000 expected—but wage growth slowed, and jobless claims edged up. Some investors saw that as a negative, while others viewed it as a “Goldilocks” moment—an economy that’s not too hot or cold. 6,7 This Week: Key Economic Data Tuesday: Consumer Price Index. So, the U.S.

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Weekly Market Insights – April 29, 2024

Cornerstone Financial Advisory

The rally came to pass despite fresh data showing a slowing economy and increasing inflationary pressures. 4 On Thursday, markets slipped on two fresh pieces of economic data: a Gross Domestic Product (GDP) slowdown and higher consumer prices. Inflation Corporate earnings and economic reports battled it out last week.

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Weekly Market Insights – January 8, 2024

Cornerstone Financial Advisory

Jobs and services sector news painted a better picture of the economy on Thursday, but as the 10-year Treasury hit 4%, stock prices responded negatively. 3,4 This Week: Key Economic Data Tuesday: International Trade in Goods. Masticating juicers “chew” the food and are slower. Source: YCharts.com, January 6, 2024.

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Market Commentary: Late February Bumps are Normal

Carson Wealth

Last week’s weakness was mainly due to declines in large tech and communication services companies, while small- and mid-caps gained on the week. The economy remains on firm footing overall, and we expect record earnings this year. Core CPI, excluding volatile food and energy components, rose 0.4%, above expectations for a 0.3%