SCHQ News and Press, Schwab Long-Term U.S. Treasury ETF From 03/06/24

2024-03-06 12:55:00 ET Summary Fed Chair Jay Powell's testimony to Congress suggests an inclination to cut interest rates to a more neutral level. But with inflation still above target and the activity data beating expectations, the central bank isn't in a position to do so. M...

2024-03-06 10:50:00 ET Summary One of the more noteworthy stories for the money and bond markets thus far in 2024 is the changing perception of the Fed policy outlook. While Fed officials continue to acknowledge that rate cuts seem likely later this year, a more recent development...

2024-03-06 09:05:00 ET Summary Fed Chair Jerome Powell is scheduled to testify in the House on Mar. 6 and markets will be all ears on topics that offer guidance on the outlook for interest rate cuts. The current consensus anticipates that the central bank will begin easing policy ...

2024-03-06 06:30:00 ET Summary China's National People's Congress convened this week and set a growth target of 5%. There are rumors that the US Federal Reserve’s March dot plot will show expectations for an average of only two rate cuts in 2024. Bank of Japan (BOJ) off...

2024-02-25 11:52:00 ET Summary Investment-grade CDS traded down to 51 bps Thursday, the low back to December 31, 2021. High yield CDS sank to 336 bps, the low since February 1, 2022. Nvidia added $155 billion of market capitalization (reaching $2 TN), as stocks surged further into...

2024-02-24 02:08:00 ET Summary The first part of the body of the minutes focused on evidence regarding the current state of the economy, employment, and inflation. The most interesting part of the minutes related to how participants viewed the economy and the appropriate path for ...

2024-02-22 12:30:00 ET Summary Both US Consumer Price Index and US Producer Price Index data for January were hotter than expected, but it was no cause for concern, in my opinion. The most recent gross domestic product prints for Japan and the UK show that both economies were tech...

2024-02-21 11:11:00 ET Summary The latest inflation data is sticky, but the markets have only delayed rather than canceled expectations for that the Federal Reserve will start trimming interest rates in the near future. The Treasury market continues to price in rate cuts as well, ...

2024-02-21 00:04:00 ET Summary Clearly, the markets believe the next move will be toward lower rates, but no one should be surprised by the fact that a rate increase is possible. Two years ago, almost no one correctly forecast the recent path of interest rates. Recent policy e...

2024-02-20 20:20:00 ET Summary The biggest economic news last week was that the Labor Department reported on Tuesday that the Consumer Price Index (CPI) rose 0.3% in January and 3.1% in the past 12 months. Overall, the annual pace of the CPI continues to decelerate, but not at the...