USVM News and Press, USAA MSCI USA Small Cap Value Momentum Blend Index From 05/04/24

2024-05-04 03:25:00 ET Summary The BLS reported a gain of 175k jobs which was below expectations of about 200k. The 175k jobs surprised to the downside, with the unemployment rate also rising slightly to 3.9%. While part-time had been leading the way for months, April saw a bi...

2024-05-03 12:35:00 ET Summary If April showers bring May flowers, then perhaps investors can rejoice that April is over and look forward to better times in May. US equities struggled last month, with the S&P 500, Dow Jones Industrial Average, and Nasdaq all falling by 4.16%, ...

2024-05-03 11:22:38 ET Summary Stock prices soar pre-market, as 2-year Treasury yield falls, due to anticipation of rate cuts starting sooner and larger numbers. Payroll report shows lower job numbers, decrease in wage growth, and the general softening that the Fed wants to see. ...

2024-05-03 10:21:26 ET Summary April nonfarm payrolls increased by 175,000, below estimates, and pulled forward rate-cut expectations. Unemployment rate ticks up to 3.9% in April from 3.8% in March. Average hourly earnings came in softer than expected, signaling a decline in w...

2024-05-03 09:45:17 ET Summary The Labor Department reported that employers added 175,000 jobs in April, well below gains of over 300,000 in March. Unemployment also ticked higher, while wage growth slowed further. Notable cooling occurred in both the healthcare and government...

2024-05-03 08:20:00 ET Summary Total assets on the Fed’s balance sheet fell by $77 billion in April, to $7.36 trillion, the lowest since December 2020, according to the Fed’s weekly balance sheet yesterday. In May, the Fed will shed another $75 billion or so in asset...

2024-05-03 07:50:00 ET Summary The inflation challenge facing the Fed. Why the US jobs market remains strong. The strong US economy and the Fed: why rates may stay higher for longer. ... Read the full article on Seeking Alpha For further details see: ...

2024-05-03 07:41:45 ET Summary The Federal Reserve is committed to returning inflation to its 2 percent objective. There will be no change in the target range for the federal funds rate. The Federal Reserve will continue to reduce the size of its securities portfolio but at a ...

2024-05-03 06:50:00 ET Summary The US dollar is trading with a softer bias ahead of the US jobs report, with recent survey data warning of downside risks. The Norwegian krone is the strongest G10 currency after the central bank delivered a hawkish hold on rates. Asian equities...

2024-05-03 05:52:00 ET Summary Although there were no huge surprises coming out of the recent Fed meeting, it may have provided hints on what the FOMC is thinking about future monetary policy changes. Fed stressed that it would continue to be highly data-dependent in its monetary ...