Prepping for December

Last Week: The highlight of the week was news that in Q3, America enjoyed its best quarter of economic growth in two years. The economy expanded at a 2.9% annual rate, boosted by a rise in inventories and a narrower trade deficit. Personal consumption, versus inventory restocking by businesses, was surprisingly muted. The US wasn’t […]

Q3 GDP to Pave the Road for a December Hike

Last Week: Interest Rates held mostly steady, while global equities advanced modestly this week. US oil prices, Gold and the US Dollar traded higher. The yield on the US 10-year Treasury note was steady near 1.75%, while 1-month LIBOR traded higher to .5340% from .5279% a week ago. The few pieces of economic data released […]

2017 Rate Outlook Coming Into Focus

Last Week: The minutes of the September Fed meeting stole the show last week, revealing that several officials felt a rate hike is needed “fairly soon,” and that an argument could be made for either an increase at that (September’s) meeting or shortly thereafter. Officials made note that Q4 reads on the health of the […]

December: It’s a Done Deal

Last Week: The US employment report for September – the undisputed highlight of the week – was somewhat weaker than expected at 156K, but not weak enough to dent anticipation of a quarter-point hike by the Fed before the end of the year. Wages, another key piece of the report critical to continued growth in […]

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The Yield Curve: What You’ve Always Wanted to Know but Were Afraid to Ask

Have you always wanted a crystal ball to tell you where interest rates are headed? Look no further than the yield curve. In another installment in our Derivatives 101 series, we’ll take a look at an often misunderstood topic that’s thrown around the financial news headlines on a daily basis. How much do you really […]

Jobs Report to Inspire Confidence in a December Hike

Last Week: A mixed up week with a myriad of positive and negative forces leaving markets with no clear direction. News of more robust US growth in Q2 and signs of improvement in Q3 were positives, encouraging global investors to buy US government bonds anew, driving yields lower. Global equities were little changed, Oil prices […]