GSY News and Press, Invesco Ultra Short Duration From 04/13/24

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 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...

2024-04-11 08:50:00 ET Summary Jeff Schulze, Head of Economic and Market Strategy at ClearBridge Investments, discusses the updated ClearBridge Recession Risk Dashboard, which has seen some progress underneath the surface despite not having any indicator changes. If you look at co...

2024-04-11 05:00:00 ET Summary Core services CPI jumped by 5.6% annualized in March from February. Core CPI, which excludes food and energy, rose by 4.4% annualized in March from February, the same increase as in February. The Fed has been in desperate search of confidence tha...

2024-04-11 04:10:00 ET Summary The likelihood of cuts between July and October is slim because the election is too close and the pace of change is slower than can justify cuts by then. We’ve made tremendous progress in the fight against inflation. Headline CPI has come down...

2024-04-11 00:04:00 ET Summary US inflation came in at 0.4% MoM for the third consecutive month, more than double the rate we need to consistently hit to bring inflation down to 2% YoY. Expectations for a June Federal Reserve interest rate cut have collapsed, with the higher for l...