EGF News and Press, Blackrock Enhanced Government Fund Inc. From 06/13/24

2024-06-13 10:55:00 ET Summary Core services CPI increased by 2.7% annualized in May from April (0.22% not annualized), the smallest increase since October 2021. Rent of Primary Residence CPI rose by 4.8% annualized in May from April, an acceleration from the prior month. Moto...

2024-06-13 08:40:00 ET Summary As it stands today, maybe, just maybe, we are seeing a confluence of economic data that may allow the Fed to undertake its one or two rate cuts it so badly wants. Outside of a notable downturn in manufacturing and industry (which is now entering a cy...

2024-06-13 05:56:00 ET Summary The FOMC voted to hold its federal funds rate target in the 5.25-5.5 percent range on Tuesday. FOMC members also revised their forward guidance for the future path of interest rates. Back in March, the median FOMC member projected the midpoint of the...

2024-06-13 03:20:00 ET Summary Prices held steady in May - CPI grew at a continuously compounding annual rate of 0.1% last month. Shelter prices, which rose at an annualized rate of 4.8% last month and 5.3% over the last year, continue to grow faster than almost all other prices. ...

2024-06-13 02:50:00 ET Summary The Fed left monetary policy unchanged, but their updated projections signals just one rate cut before year-end versus the three they suggested in March. They are now projecting four rate cuts in 2025 versus the three they had previously, but this me...

2024-06-12 23:35:00 ET Summary The Federal Reserve (Fed) kept rates unchanged at the June Federal Open Market Committee (FOMC) meeting, marking the seventh consecutive meeting with no action on the rate front. The Fed’s revised outlook now projects one rate cut for this yea...

2024-06-12 23:05:00 ET Summary May's CPI report came in softer than expected, delivering a positive sign that recent months of sticky inflation may have been just a bump in the road. Headline CPI inflation eased from 0.3% in April to 0.0% in May, a significant milestone following ...

2024-06-12 14:00:00 ET Summary In May 2024, the AIER Everyday Price Index was essentially unchanged at an index level of 290.9. The largest monthly price increases were seen in food away from home, prescription drugs, and tobacco/smoking products. The share of prices rising ab...

2024-06-12 12:15:00 ET Summary The rate debate is far from settled. Instead, Wall Street is wrestling with what happens next! Central banks in Switzerland, Canada, and the eurozone have recently cut rates - and that’s fueling speculation the US Fed will have to follow befor...

2024-06-12 11:25:00 ET Summary A surprise 0.2% MoM core CPI inflation print after a similar reading for April core PCE deflator offers good news for the Fed in its fight to ease price pressures. This needs to become the trend after a series of far too hot readi...