The June FOMC meeting concluded with members deciding to raise the fed funds target rate by 0.25%, for the seventh time this cycle, to a new range of 1.75-2.00%. As the probability of this happening was over 95%, in light of recent stronger economic and inflation data, this was far from a surprise.
- Economic data for the week was highlighted by a slight reduction in Q1 GDP, strong manufacturing data, mixed housing data, but a stronger-than-expected employment situation report.
- Equity markets gained on the week in the U.S., but foreign stocks were held back by concerns in Europe. Bonds fared well, with interest rates falling slightly. Commodities declined, led b
- Economic data for the week was highlighted by a FOMC meeting in which policy was left unchanged, some mixed to lower results for a variety of manufacturing and services indexes; the April employment situation report was mixed as well but continued to point to a strong underlying labor market.
- United States equity markets were mixed due to a waxing and waning of trade fears, whi
- Economic data for the week featured GDP for the first quarter coming in a bit better than expected, as were durable goods orders. In housing, home prices continued to rise, and home sales came in stronger than expected. Consumer sentiment/confidence also improved, as did jobless claims to multi-decade low levels.
- Equity markets were flattish to negative in the U.S.,
Economic data for the week included producer and consumer inflation reports that showed pricing ticking upward, as expected, while sentiment declined and labor data, while strong, came in below expectations.