SPMO News and Press, Invesco S&P 500 Momentum From 03/23/24

2024-03-23 05:59:45 ET Summary It's a challenge to have confidence that Powell and the Fed have a sound understanding of the nature of second round inflation effects. With market exuberance running sky-high, it's not the optimal environment for reinforcing the notion of a Fed cock...

2024-03-23 03:45:00 ET Summary The implications for bonds as the Fed pledges to stay the course on rate cuts. The balancing act between anticipated rate cuts and economic strength. The Fed's steady as she goes approach to rates and inflation. ... Read the f...

2024-03-23 03:35:00 ET Summary It’s typical for risk assets to rally when central banks pause rate hiking efforts and finally start easing policy. Eventually, the reason they start easing come to dominate headlines and thwart soft landing hopes. Higher interest rates and yi...

2024-03-23 02:55:00 ET Summary With a resilient economy and sticky inflation, expect policymakers to choose caution over speed. Despite recent inflation data surprising to the upside and breaking from the end-of-year trend, we have long held that the path to target inflation would...

2024-03-23 02:15:00 ET Summary After growing 3.2 percent in the fourth quarter last year (and 3.1 percent for 2023 overall), the median FOMC projection for 2024 real GDP growth is 2.1 percent. With that higher growth estimate came expectations of somewhat stickier inflation, with ...

2024-03-23 01:56:00 ET Summary The Fed's March policy meeting has generated very vocal reactions by commentators and market participants. With rates expected to stay on hold, attention focused on the new economic projections. The Fed’s estimate of the neutral policy rat...

2024-03-23 00:00:00 ET Summary To no one’s surprise, the FOMC held its target rate range constant at 5.25%–5.5% and continued the process of letting its securities run off as they mature. In support of that decision, the committee’s statement cited data sugges...

2024-03-22 12:01:00 ET Summary The US economy remains on track to post a moderate growth rate in the upcoming first quarter GDP report, but the expansion continues to show signs of slowing. The US PMI Composite Output Index eased to 52.2 in March, down slightly from Februaryȁ...

2024-03-22 07:10:00 ET Summary The dollar's post-FOMC sell-off has been completely reversed and the greenback has reached new highs for the week against most of the G10 currencies. For the first time since last November, the US dollar has risen above CNY7.20 and continued to rise ...

2024-03-22 05:05:00 ET Summary As was widely expected, the Federal Reserve decided to leave the Fed funds rate unchanged at its March 20 FOMC meeting. Despite the 2024 gross domestic product growth expectations rising to 2.1% from 1.4%, the unemployment rate still near historic 50...