GSY News and Press, Invesco Ultra Short Duration From 04/18/24

2024-04-18 06:00:00 ET Summary Bowing to recent data, Federal Reserve Chairman Jerome Powell on Tuesday conceded that inflation progress has stalled and the case for rate cuts has weakened. The Treasury market has been effectively making the same case for weeks, but when the top c...

2024-04-18 04:00:00 ET Summary Although no rate cuts yet, the Federal Reserve is considering reducing the pace of quantitative tightening (QT). The Fed’s ultimate goal is to have only Treasuries on its balance sheet. The reduction in the Fed’s securities holdings...

2024-04-17 05:00:00 ET Summary Inflation cooled substantially last year, but upside surprises in early 2024 for the US and Europe have many investors concerned that the path back to normal has hit a roadblock. Fighting inflation is a long game, and global central banks seem to be ...

2024-04-17 04:00:00 ET Summary The FOMC has been using a varied set of targets for monetary policy, but the relevance of these data points is questioned. The FOMC has shifted away from specific metrics and adopted a more ambiguous strategy, focusing on caution and confidence. ...

2024-04-16 10:30:00 ET Summary The rise in rates last week pushed the 10-year to its highest level since the peak at 5% in October of last year. Gold has been setting new highs, trading above $2400 at one point on Friday before succumbing to some profit taking. Year-to-date, t...

2024-04-16 05:20:00 ET Summary In the wake of last week’s hotter-than-expected consumer inflation data for March, the implied forecast via Fed funds futures indicates that interest rate cuts are unlikely in the months ahead. The policy-sensitive US 2-year Treasury yield has...

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...