EDV News and Press, Vanguard Extended Duration Treasury From 04/16/24

2024-04-16 03:39:00 ET Summary Remarkably strong retail sales numbers for March contradict somewhat weaker survey and credit card spending evidence. But with jobs, inflation, and activity all beating expectations, the Federal Reserve is in no position to carry through with interes...

2024-04-16 02:35:00 ET Summary The repercussions of delayed rate cuts continued to shake out in the U.S. stock market in the past week. The S&P 500 (Index: SPX) dropped a little over 1.5% from where it ended the previous week to close at 5,123.41 on Friday, 12 April 2024. ...

2024-04-15 12:40:00 ET Summary As Q1 earnings season starts, we eye signs of earnings growth broadening beyond tech stocks to industrials and others. We stay overweight U.S. equities. Crude oil prices rose, partly on heightened tensions in the Middle East. We are monitoring the ri...

2024-04-13 14:40:00 ET Summary The US is growing strongly; it’s adding jobs in significant numbers while inflation continues to run too hot for comfort. We will need to see a rapid change of fortune to trigger a rate cut in the next month or two. We still think a slowdo...

2024-04-12 20:50:00 ET Summary Stubbornly strong economic data has led to significant shifts in market expectations for when, and how quickly, the Federal Reserve will begin cutting policy rates. Our own forecast is now for the first rate reduction to come in September, but the co...

2024-04-12 08:05:00 ET Summary U.S. growth is downshifting somewhat as lower income households pull back, and corporates face higher refinancing costs. However, with most other global economies still struggling, the U.S. will remain the strongest global performer. After having mad...

2024-04-12 06:25:00 ET Summary On a monthly basis, US headline and core Consumer Price Index topped expectations - both rising 0.4%. Although shelter inflation ticked marginally lower, the pace of disinflation remains painfully slow. While energy services have slowed since the...

2024-04-12 05:00:00 ET Summary The Producer Price Index data got a lot of attention today because it didn’t increase as sharply as a month ago. The seasonal adjustments in March were far larger than in the Marches during the years before the pandemic. The PPI, not seaso...

2024-04-12 03:30:00 ET Summary Equity and junk debt markets have once more priced out any possibility of economic weakness. US and Canadian central banks have held base rates in the banking system above 5% - the tightest level in 17 years. Inflation and growth readings have se...

2024-04-11 09:56:08 ET Summary The Federal Reserve should raise their Fed funds target rate by 0.25% at their May 1 meeting. The Fed's 2% inflation target is considered optimal for economic growth and stability. Current interest rates are not historically high, and there is no...