by David Morrison | Dec 19, 2022 | Economics & Capital Markets, Peloton Updates |
Keeping with market expectations, The Federal Open Market Committee (FOMC) raised the target range for the federal funds rate by ½ percentage point, bringing the target range to 4 ¼ to 4 ½ percent. While the increase broke a string of four straight ¾ point hikes, the...
by Steve Carr | Nov 15, 2022 | Economics & Capital Markets, Investing, Peloton Updates |
Investors embraced last Thursday’s inflation news with enthusiasm. The Bureau of Labor Statistics reported that the Consumer Price Index rose 7.7% year-over-year and 0.4% for the month of October. Analyst estimates from Dow Jones were 7.9% and 0.6%,...
by David Morrison | Sep 13, 2022 | Economics & Capital Markets, Peloton Updates |
The U.S. Bureau of Labor Statistics released the Consumer Price Index (CPI) for August and reported higher than expected inflation. Headline inflation rose 8.3% year over year, while Core CPI (ex-food and energy) increased 6.3%. Month over month numbers also increased...
by David Morrison | Jun 16, 2022 | Economics & Capital Markets, Peloton Updates |
In response to higher-than-expected inflation and rising inflation expectations, the Federal Reserve raised its benchmark interest rate 0.75% in its largest increase in nearly 30 years. Fed Chairman Jerome Powell announced the committee’s decision and provided...
by Steve Carr | May 16, 2022 | Economics & Capital Markets, Peloton Updates |
“Inflation is always and everywhere a monetary phenomenon, in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.” – Milton Friedman How We Got Here There is only one threat driving the sharp correction in...
by David Morrison | Mar 15, 2022 | Economics & Capital Markets, Peloton Updates |
The Federal Open Market Committee (FOMC) gathers this week for the first time in 2022 (they are scheduled to meet 7 times in 2022). Federal Reserve Chairman, Jerome Powell, and committee members are tasked with their dual mandate to promote maximum employment and...
