SPLV News and Press, Invesco S&P 500 Low Volatility From 06/14/24

2024-06-14 23:00:00 ET Summary Recent focus has centered on the Federal Open Market Committee’s dot plot, which now suggests just one rate cut in 2024. A closer examination reveals the committee is divided, with more participants (8 out of 19) anticipating two rate cuts thi...

2024-06-14 21:20:00 ET Summary The Federal Open Market Committee (FOMC) kept the benchmark policy rate at 5.25%-5.50% at its June meeting for the seventh consecutive meeting. More significantly, the latest dot plot revealed that the FOMC’s median projection has removed two ...

2024-06-14 09:45:00 ET Summary One softer-than-expected monthly inflation reading didn’t stop Federal Reserve officials from delaying the expected start of interest rate cuts. After these surprisingly firm core PCE readings earlier this year, Fed officials confirmed that th...

2024-06-14 07:15:00 ET Summary What makes the dollar's performance stand out is that it is taking place as US rates have fallen. The euro has been sold to almost $1.0670 and sterling has been pushed below $1.2700. In Japan, the BOJ made no change in its bond purchases, disappo...

2024-06-14 04:50:00 ET Summary The Federal Government publishes the spending and revenue numbers on a monthly basis. This was the second-largest May ever, only behind May 2020 during the very depths of the pandemic. On average, May experiences a deficit of -$127B, which makes ...

2024-06-14 03:26:51 ET Summary The Federal Reserve met in June, holding interest rates steady, pointing to one rate cut in 2024, and pushing their inflation forecasts higher. The meeting went as expected, with inflation remaining well above the Federal Reserve’s target rate...

2024-06-13 22:25:42 ET Summary The latest economic data came mixed when all things considered. Both bulls and bears are making arguments that make sense on paper. There is plenty of uncertainty, but volatility and volume are at historically low levels, which causes even more c...

2024-06-13 19:15:00 ET Summary Economic data, including jobless claims, came in weaker than expected this morning. For seasonally adjusted initial claims, there was a jump to 242K in the first week of June, the highest reading since last August. We would note that continuing c...

2024-06-13 12:25:00 ET Summary The Fed forecasts the US unemployment rate to rise to 4.2% in 2025, 80 bps above the 3.4% cycle low in 2022. The Fed is incongruently predicting US GDP growth of 2% in 2025. Market cycles tend to be hard on those who lack attention or understandi...

2024-06-13 12:05:00 ET Summary The Fed's American exceptionalism problem. US inflation is falling, so why can't the Fed lower rates? Why the Fed is indicating just one rate cut in the cards for 2024. ... Read the full article on Seeking Alpha For furt...