LGOV News and Press, First Trust Long Duration Opportunities From 07/13/24

2024-07-13 00:30:00 ET Summary US inflation data caused a significant selloff in US mega-cap tech stocks and a shift towards riskier areas of the market. The ECB interest rate decision is expected to bring no change, but the bank lending survey may shed light on the impact of high...

2024-07-13 00:15:00 ET Summary Core CPI, which excludes volatile food and energy prices, increased 0.1 percent. The energy component of the CPI fell 2.0 percent in June. Gasoline in particular is down 3.8 percent. Market rates are not only above natural-rate estimates. They ar...

2024-07-12 23:58:00 ET Summary The June CPI reading significantly increases the likelihood of a Federal Reserve rate cut in September. This marks the second consecutive month of weaker-than-expected inflation data. Headline CPI fell to -0.1% month-on-month, the first negative ...

2024-07-12 10:35:00 ET Summary In June 2024, the 30-year fixed rate mortgage rate was around 6.9 percent vs around 3.6 percent in January 2019. Given recent monetary policy, it is reasonable to think that inflation will eventually return to 2 percent per year, or at least to the n...

2024-07-12 10:10:00 ET Summary U.S. growth is softening as lower-income households feel the bite of higher interest rates. A first Fed rate cut could occur in September, provided inflation continues to decelerate, and economic activity does not reaccelerate. The inflation scar...

2024-07-12 06:28:00 ET Summary Federal Reserve policymakers closely watch core inflation data for signs of cooling, and June offered a second straight month of surprisingly low readings in the core CPI. Looking at the overall CPI data and trends, we don’t believe Juneȁ...

2024-07-12 05:16:00 ET Summary Thursday’s CPI report was a big downside surprise as more signs of disinflation appeared across the economy. Core CPI rose 0.06% in June, which brought the annualized rate to 3.27%. Core services were actually negative in June, the first time ...

2024-07-12 04:50:00 ET Summary The evidence supporting multiple Fed rate cuts is now solid. Owners' equivalent rent makes up about one-third of the CPI index and this has been adding significantly to the rise in the CPI index until this month. Treasury yields tend to track inf...

2024-07-12 04:12:00 ET Summary US CPI has settled down to rate-cut territory. First May, now June. Ahead July, and if that’s in the same vein, Treasuries can continue to anticipate cuts from the Fed. The ECB will unlikely commit to a September cut next week, but will al...

2024-07-11 22:55:00 ET Summary The June CPI reading puts the Federal Reserve (Fed) on the path for a September rate cut. June’s number shows a broad weakening in price pressures and is a convincing and consistent sign that inflation has resumed its downward path. Headli...