Markets Confront Shutdown, Slowing Jobs, and Bank Rule Shifts
The federal government shut down on September 30th due to Congress's failure to reach a funding deal, pausing nonessential operations amid disputes over health care spending and facing weak job data and impending bank capital rule changes.
U.S. Economy Shows Strength as Growth, Corporate Profits, and Consumer Spending Hold Up
Stronger-than-expected GDP and steady jobless claims highlighted continued economic resilience, while solid earnings and stable inflation supported a constructive outlook.
The Importance of Private Markets in Client Portfolios
Fed Cuts Rates and Signals Uncertainty Ahead, While Consumer Spending Holds Steady
The Federal Reserve cut rates by 25 basis points and released updated economic projections, signaling potential further easing, while markets weighed mixed policy signals against resilient consumer spending and modest equity gains.
Inflation, Employment, and Consumer Sentiment Data Offer a Mixed Picture Ahead of Fed Meeting
Shifting inflation trends, softer job market data, and waning consumer confidence paint a nuanced picture going into the Fed’s September meeting.
Earnings Powered August Market Gains, as Fed Signals Likely Rate Cut
Strong earnings and hopes for a Fed rate cut fueled August’s market rally, pushing stocks to new highs amid easing investor concerns.
Another Weak Employment Report Increases Odds of a September Rate Cut
U.S. hiring slowed sharply in August as unemployment climbed, raising expectations for a September Fed rate cut, while signs of stabilization in manufacturing and resilient consumer spending helped balance seasonal market headwinds.
Nvidia Beats Earnings, Inflation Rises, GDP Growth Revised Higher
Markets steadied as Nvidia’s record earnings underscored resilient AI demand, inflation edged higher ahead of the Fed’s September meeting, and stronger consumer spending and AI-driven investment lifted second-quarter GDP growth above initial estimates.
Powell Signals Possible Rate Cuts as Earnings Stay Strong, Labor Market Softens, and Manufacturing Rebounds
Stronger Wholesale Prices, Rate Cut Expectations, and Robust Earnings Shape Market Outlook
Sharp inflation data, resilient earnings, and elevated Fed policy expectations are shaping the market outlook as investors gauge inflation and growth trends.