USVM News and Press, USAA MSCI USA Small Cap Value Momentum Blend Index From 05/02/24

2024-05-02 03:00:00 ET Summary The Federal Reserve left its policy rate unchanged and argued its policy stance is “in a good place”, but officials are concerned about the recent lack of progress on inflation. Rate hikes remain unlikely, but the Fed is prepa...

2024-05-01 20:47:43 ET Summary The Federal Reserve announced a reduction in the quantitative tightening program, selling fewer US Treasuries and potentially leading to lower interest rates. Market reaction to the changes in quantitative tightening was muted, with short-term Treasu...

2024-05-01 16:30:59 ET Summary The Federal Reserve leaves rates unchanged as inflation progress stalls, pushing rate cuts expectations further out. Fed Chair Powell adopts a more dovish tone, mentioning stalled inflation progress, but he also expressed confidence that long-term in...

2024-05-01 12:30:00 ET Summary The 3% Real rate of return concept roughly matches the Real GDP average over decades. Today, with rates rising and Mtg rates already at 7.5% range (small bracket), it is the institutional buyers of Treasuries who are out of sync with the rest of the ...

2024-05-01 12:30:00 ET Summary Google searches of the term “stagflation” went up dramatically last week, but I don’t believe we’re seeing stagflation in the US. The recovery in eurozone services appears to have legs, in my opinion, as we are finally see...

2024-05-01 12:00:48 ET Summary Kenneth Rogoff warns against "magical debt thinking" and calls for developed countries to rebuild fiscal buffers and ensure debt sustainability. Too much government debt can slow down economic growth and disproportionately harm low- and middle-income...

2024-05-01 12:00:00 ET Summary Stronger-than-anticipated economic data released during the first quarter led to a significant downward shift in market expectations for 2024 rate cuts. While equity markets were mostly unfazed by this change in expectations, fixed income markets exp...

2024-05-01 10:20:00 ET Summary The probability the U.S. economy will see a recession begin sometime in the next twelve months has started to fall again during the past six weeks, after having hit a double-top. The Recession Probability Track indicates the probability a recession w...

2024-05-01 08:45:00 ET Summary US labour costs accelerated in the first quarter, led by the government sector. Hikes to state minimum wage levels contributed to higher private sector labour costs. This is the Federal Reserve’s favoured measure on labour market inflation...

2024-05-01 06:50:00 ET Summary The BOJ projected yesterday that commercial banks' deposits with it likely dropped by JPY7.56 trillion. The dollar gradually edged higher yesterday, and by the end of the North American session, it had recovered more than half of the intervention-ins...