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Market Watch

Tue August 15, 2023
U.S. Monthly Advance Retail Sales for July were 0.7%, higher than the 0.4% survey. Strip away automobile and gasoline sales (the more volatile components) [...]
Mon August 14, 2023
The U.S. dollar index is +0.30% today, starting what could be its 5th weekly consecutive gain, +3.27% since the week ending July 14th. Holding [...]
Fri August 11, 2023
Producer Price data (prices received by domestic producers) for July was higher than forecast in 5 of the 6 PPI categories: monthly Final Demand [...]
Thu August 10, 2023
Today’s U.S. CPI report for July was in-line with estimates: monthly Core CPI (excludes food and energy) was 0.2%, matching June’s 0.2% and the [...]
Wed August 2, 2023
Fitch Ratings downgraded U.S. government debt one level from AAA to AA+ on the view that the country’s finances will deteriorate over the next [...]
Fri July 28, 2023
This past week serves to remind us that central banks are in control of the market narrative. With the Fed and ECB each raising [...]
Thu July 27, 2023
Yesterday the Federal Reserve raised the fed funds rate by 25 basis-points to a target range between 5.25% and 5.50%, a 22-year high. The [...]
Wed July 26, 2023
U.S. Treasury yields are lower in most tenors in a shift to ‘risk-off’ sentiment. Global equities are also lower as traders pare positions ahead [...]
Tue July 25, 2023
The FOMC starts their 2-day policy meeting today and will culminate with tomorrow’s rate announcement at 2pm ET. A 25 basis-point hike is widely [...]