Easing inflation, signs of economic resilience, and a better-than-expected earnings season lifted U.S. stocks, and it is important to say that the benchmark S&P 500 and Nasdaq advanced this week to 14-month highs. Fed officials said they now expect a 1% gain in 2023 real gross domestic product, up from 0.4% projected in March. However, Fed officials lowered their 2024 growth projection to 1.1% from 1.2% and the 2025 outlook to 1.8% from 1.9%.<\/p>\n\n\n\n
The next Fed meeting is scheduled for July 25-26, but it is still unclear how long rates could stay at the 5% plus level. For the next 12 months, or even 24 months, the reality is that Fed Chair Jerome Powell said that nearly all Fed officials expect more rate rises this year. Because of this, many analysts expect a significant economic contraction which will impact corporate earnings and financial markets. Wells Fargo analysts said that over the next 3-5 months, they expect a 10% correction on the U.S. stock market. If this happens, it will certainly negatively influence the cryptocurrency market.<\/p>\n","post_title":"The U.S. Central Bank Left Its Benchmark Lending Rate Unchanged This Wednesday","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-u-s-central-bank-left-its-benchmark-lending-rate-unchanged-this-wednesday","to_ping":"","pinged":"","post_modified":"2023-06-18 20:53:01","post_modified_gmt":"2023-06-18 10:53:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12031","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Positive information is that the U.S. Labor Department's consumer price index (CPI) reading showed this week that inflation rose only 0.1% in May compared with a 0.4% jump in April, confirming that the Fed's restrictive policy rate is working. On Wednesday, the U.S. Bureau of Labor Statistics also reported that annual producer prices cooled more than projected in May, which supported the Fed to pause rate hikes at Wednesday's meeting.<\/p>\n\n\n\n
Easing inflation, signs of economic resilience, and a better-than-expected earnings season lifted U.S. stocks, and it is important to say that the benchmark S&P 500 and Nasdaq advanced this week to 14-month highs. Fed officials said they now expect a 1% gain in 2023 real gross domestic product, up from 0.4% projected in March. However, Fed officials lowered their 2024 growth projection to 1.1% from 1.2% and the 2025 outlook to 1.8% from 1.9%.<\/p>\n\n\n\n
The next Fed meeting is scheduled for July 25-26, but it is still unclear how long rates could stay at the 5% plus level. For the next 12 months, or even 24 months, the reality is that Fed Chair Jerome Powell said that nearly all Fed officials expect more rate rises this year. Because of this, many analysts expect a significant economic contraction which will impact corporate earnings and financial markets. Wells Fargo analysts said that over the next 3-5 months, they expect a 10% correction on the U.S. stock market. If this happens, it will certainly negatively influence the cryptocurrency market.<\/p>\n","post_title":"The U.S. Central Bank Left Its Benchmark Lending Rate Unchanged This Wednesday","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-u-s-central-bank-left-its-benchmark-lending-rate-unchanged-this-wednesday","to_ping":"","pinged":"","post_modified":"2023-06-18 20:53:01","post_modified_gmt":"2023-06-18 10:53:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12031","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
According to the central bank's Federal Open Market Committee, the U.S. banking system is sound and resilient; job gains have been strong, while the unemployment rate has remained low. Despite this, tighter credit conditions for households and businesses will likely weigh on economic activity and hiring in the second half of 2023.<\/p>\n\n\n\n
Positive information is that the U.S. Labor Department's consumer price index (CPI) reading showed this week that inflation rose only 0.1% in May compared with a 0.4% jump in April, confirming that the Fed's restrictive policy rate is working. On Wednesday, the U.S. Bureau of Labor Statistics also reported that annual producer prices cooled more than projected in May, which supported the Fed to pause rate hikes at Wednesday's meeting.<\/p>\n\n\n\n
Easing inflation, signs of economic resilience, and a better-than-expected earnings season lifted U.S. stocks, and it is important to say that the benchmark S&P 500 and Nasdaq advanced this week to 14-month highs. Fed officials said they now expect a 1% gain in 2023 real gross domestic product, up from 0.4% projected in March. However, Fed officials lowered their 2024 growth projection to 1.1% from 1.2% and the 2025 outlook to 1.8% from 1.9%.<\/p>\n\n\n\n
The next Fed meeting is scheduled for July 25-26, but it is still unclear how long rates could stay at the 5% plus level. For the next 12 months, or even 24 months, the reality is that Fed Chair Jerome Powell said that nearly all Fed officials expect more rate rises this year. Because of this, many analysts expect a significant economic contraction which will impact corporate earnings and financial markets. Wells Fargo analysts said that over the next 3-5 months, they expect a 10% correction on the U.S. stock market. If this happens, it will certainly negatively influence the cryptocurrency market.<\/p>\n","post_title":"The U.S. Central Bank Left Its Benchmark Lending Rate Unchanged This Wednesday","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-u-s-central-bank-left-its-benchmark-lending-rate-unchanged-this-wednesday","to_ping":"","pinged":"","post_modified":"2023-06-18 20:53:01","post_modified_gmt":"2023-06-18 10:53:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12031","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
According to the central bank's Federal Open Market Committee, the U.S. banking system is sound and resilient; job gains have been strong, while the unemployment rate has remained low. Despite this, tighter credit conditions for households and businesses will likely weigh on economic activity and hiring in the second half of 2023.<\/p>\n\n\n\n
Positive information is that the U.S. Labor Department's consumer price index (CPI) reading showed this week that inflation rose only 0.1% in May compared with a 0.4% jump in April, confirming that the Fed's restrictive policy rate is working. On Wednesday, the U.S. Bureau of Labor Statistics also reported that annual producer prices cooled more than projected in May, which supported the Fed to pause rate hikes at Wednesday's meeting.<\/p>\n\n\n\n
Easing inflation, signs of economic resilience, and a better-than-expected earnings season lifted U.S. stocks, and it is important to say that the benchmark S&P 500 and Nasdaq advanced this week to 14-month highs. Fed officials said they now expect a 1% gain in 2023 real gross domestic product, up from 0.4% projected in March. However, Fed officials lowered their 2024 growth projection to 1.1% from 1.2% and the 2025 outlook to 1.8% from 1.9%.<\/p>\n\n\n\n
The next Fed meeting is scheduled for July 25-26, but it is still unclear how long rates could stay at the 5% plus level. For the next 12 months, or even 24 months, the reality is that Fed Chair Jerome Powell said that nearly all Fed officials expect more rate rises this year. Because of this, many analysts expect a significant economic contraction which will impact corporate earnings and financial markets. Wells Fargo analysts said that over the next 3-5 months, they expect a 10% correction on the U.S. stock market. If this happens, it will certainly negatively influence the cryptocurrency market.<\/p>\n","post_title":"The U.S. Central Bank Left Its Benchmark Lending Rate Unchanged This Wednesday","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-u-s-central-bank-left-its-benchmark-lending-rate-unchanged-this-wednesday","to_ping":"","pinged":"","post_modified":"2023-06-18 20:53:01","post_modified_gmt":"2023-06-18 10:53:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12031","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\"In determining the extent of additional policy firming that may be appropriate to return inflation to 2% over time, the committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments.\"<\/em><\/p>\n\n\n\n<\/figure>\n\n\n\n
According to the central bank's Federal Open Market Committee, the U.S. banking system is sound and resilient; job gains have been strong, while the unemployment rate has remained low. Despite this, tighter credit conditions for households and businesses will likely weigh on economic activity and hiring in the second half of 2023.<\/p>\n\n\n\n
Positive information is that the U.S. Labor Department's consumer price index (CPI) reading showed this week that inflation rose only 0.1% in May compared with a 0.4% jump in April, confirming that the Fed's restrictive policy rate is working. On Wednesday, the U.S. Bureau of Labor Statistics also reported that annual producer prices cooled more than projected in May, which supported the Fed to pause rate hikes at Wednesday's meeting.<\/p>\n\n\n\n
Easing inflation, signs of economic resilience, and a better-than-expected earnings season lifted U.S. stocks, and it is important to say that the benchmark S&P 500 and Nasdaq advanced this week to 14-month highs. Fed officials said they now expect a 1% gain in 2023 real gross domestic product, up from 0.4% projected in March. However, Fed officials lowered their 2024 growth projection to 1.1% from 1.2% and the 2025 outlook to 1.8% from 1.9%.<\/p>\n\n\n\n
The next Fed meeting is scheduled for July 25-26, but it is still unclear how long rates could stay at the 5% plus level. For the next 12 months, or even 24 months, the reality is that Fed Chair Jerome Powell said that nearly all Fed officials expect more rate rises this year. Because of this, many analysts expect a significant economic contraction which will impact corporate earnings and financial markets. Wells Fargo analysts said that over the next 3-5 months, they expect a 10% correction on the U.S. stock market. If this happens, it will certainly negatively influence the cryptocurrency market.<\/p>\n","post_title":"The U.S. Central Bank Left Its Benchmark Lending Rate Unchanged This Wednesday","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-u-s-central-bank-left-its-benchmark-lending-rate-unchanged-this-wednesday","to_ping":"","pinged":"","post_modified":"2023-06-18 20:53:01","post_modified_gmt":"2023-06-18 10:53:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12031","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The U.S. Central Bank signalled that interest rates would likely rise by another half of a percentage point by the end of this year, bringing the benchmark overnight interest rate rising from the 5.00%-5.25% range to a 5.50%-5.75% range. The U.S. Central Bank reported<\/a>:<\/p>\n\n\n\n
As widely expected, the U.S. Central Bank left its interest rate unchanged this Wednesday after a two-day meeting but warned that inflation is still elevated. <\/p>\n\n\n\n
The U.S. Central Bank signalled that interest rates would likely rise by another half of a percentage point by the end of this year, bringing the benchmark overnight interest rate rising from the 5.00%-5.25% range to a 5.50%-5.75% range. The U.S. Central Bank reported<\/a>:<\/p>\n\n\n\n
Because of this, many analysts expect a significant economic contraction which will impact corporate earnings and financial markets. Wells Fargo analysts said that over the next 3-5 months, they hope to see a 10% correction on the U.S. stock market. If this happens, it would certainly negatively influence the cryptocurrency market.<\/p>\n","post_title":"Investor Optimism Rises Again; Does Strong Activity Indicate The Possibility Of Further Gains In The Coming Weeks And Months?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"investor-optimism-rises-again-does-strong-activity-indicate-the-possibility-of-further-gains-in-the-coming-weeks-and-months","to_ping":"","pinged":"","post_modified":"2023-06-21 15:38:44","post_modified_gmt":"2023-06-21 05:38:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12127","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":12031,"post_author":"14","post_date":"2023-06-18 20:52:53","post_date_gmt":"2023-06-18 10:52:53","post_content":"\n
As widely expected, the U.S. Central Bank left its interest rate unchanged this Wednesday after a two-day meeting but warned that inflation is still elevated. <\/p>\n\n\n\n
The U.S. Central Bank signalled that interest rates would likely rise by another half of a percentage point by the end of this year, bringing the benchmark overnight interest rate rising from the 5.00%-5.25% range to a 5.50%-5.75% range. The U.S. Central Bank reported<\/a>:<\/p>\n\n\n\n
However, investors should remember that the U.S. economy didn't escape the recession, and it is still unclear how long interest rates could stay at the 5% plus level. The inflation remains far above the Fed's target; the path to 2% will be bumpy, and the Fed will not hesitate to raise rates again if inflation data surprised enormously to the upside.<\/p>\n\n\n\n
Because of this, many analysts expect a significant economic contraction which will impact corporate earnings and financial markets. Wells Fargo analysts said that over the next 3-5 months, they hope to see a 10% correction on the U.S. stock market. If this happens, it would certainly negatively influence the cryptocurrency market.<\/p>\n","post_title":"Investor Optimism Rises Again; Does Strong Activity Indicate The Possibility Of Further Gains In The Coming Weeks And Months?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"investor-optimism-rises-again-does-strong-activity-indicate-the-possibility-of-further-gains-in-the-coming-weeks-and-months","to_ping":"","pinged":"","post_modified":"2023-06-21 15:38:44","post_modified_gmt":"2023-06-21 05:38:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12127","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":12031,"post_author":"14","post_date":"2023-06-18 20:52:53","post_date_gmt":"2023-06-18 10:52:53","post_content":"\n
As widely expected, the U.S. Central Bank left its interest rate unchanged this Wednesday after a two-day meeting but warned that inflation is still elevated. <\/p>\n\n\n\n
The U.S. Central Bank signalled that interest rates would likely rise by another half of a percentage point by the end of this year, bringing the benchmark overnight interest rate rising from the 5.00%-5.25% range to a 5.50%-5.75% range. The U.S. Central Bank reported<\/a>:<\/p>\n\n\n\n
\"The most forward-looking housing indicator is the stock market, which reflects where investors see the sector headed over the next six to twelve months. The ongoing bounce in housing starts and new home sales, and the surge in homebuilders' stock prices fuel the emerging narrative in parts of the commentariat that housing is now recovering.\"<\/em><\/p>\n\n\n\n
However, investors should remember that the U.S. economy didn't escape the recession, and it is still unclear how long interest rates could stay at the 5% plus level. The inflation remains far above the Fed's target; the path to 2% will be bumpy, and the Fed will not hesitate to raise rates again if inflation data surprised enormously to the upside.<\/p>\n\n\n\n
Because of this, many analysts expect a significant economic contraction which will impact corporate earnings and financial markets. Wells Fargo analysts said that over the next 3-5 months, they hope to see a 10% correction on the U.S. stock market. If this happens, it would certainly negatively influence the cryptocurrency market.<\/p>\n","post_title":"Investor Optimism Rises Again; Does Strong Activity Indicate The Possibility Of Further Gains In The Coming Weeks And Months?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"investor-optimism-rises-again-does-strong-activity-indicate-the-possibility-of-further-gains-in-the-coming-weeks-and-months","to_ping":"","pinged":"","post_modified":"2023-06-21 15:38:44","post_modified_gmt":"2023-06-21 05:38:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12127","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":12031,"post_author":"14","post_date":"2023-06-18 20:52:53","post_date_gmt":"2023-06-18 10:52:53","post_content":"\n
As widely expected, the U.S. Central Bank left its interest rate unchanged this Wednesday after a two-day meeting but warned that inflation is still elevated. <\/p>\n\n\n\n
The U.S. Central Bank signalled that interest rates would likely rise by another half of a percentage point by the end of this year, bringing the benchmark overnight interest rate rising from the 5.00%-5.25% range to a 5.50%-5.75% range. The U.S. Central Bank reported<\/a>:<\/p>\n\n\n\n
THIS TUESDAY, the U.S. Commerce Department reported that groundbreaking new American homes jumped by 21.7% in May 2023 to 1.63 million units. Building permits, considered among the housing market's most forward-looking indicators, increased more than expected in May, rising 5.2% to 1.49 million units at a seasonally adjusted annualized rate. Kieran Clancy, Senior Economist at Pantheon Macroeconomics, said<\/a>:<\/p>\n\n\n\n
Recent inflation data signalled that the Fed's monetary tightening is cooling the world's largest economy, and according to many analysts, the Federal Reserve is near the end of its tightening cycle. The U.S. economy remains stable even though the federal funds rate remains at its highest since 2007; the U.S. banking system is sound and resilient; job gains have been substantial, and the unemployment rate has remained low.<\/p>\n\n\n\n
THIS TUESDAY, the U.S. Commerce Department reported that groundbreaking new American homes jumped by 21.7% in May 2023 to 1.63 million units. Building permits, considered among the housing market's most forward-looking indicators, increased more than expected in May, rising 5.2% to 1.49 million units at a seasonally adjusted annualized rate. Kieran Clancy, Senior Economist at Pantheon Macroeconomics, said<\/a>:<\/p>\n\n\n\n
The University of Michigan's Surveys of Consumers released data on Friday, showing that consumer sentiment in the U.S. improved to a four-month high in June. This is also positive news, and the improved view reflects greater optimism after signs of easing inflation, economic resilience, and a better-than-expected earnings season in the U.S.<\/p>\n\n\n\n
Recent inflation data signalled that the Fed's monetary tightening is cooling the world's largest economy, and according to many analysts, the Federal Reserve is near the end of its tightening cycle. The U.S. economy remains stable even though the federal funds rate remains at its highest since 2007; the U.S. banking system is sound and resilient; job gains have been substantial, and the unemployment rate has remained low.<\/p>\n\n\n\n
THIS TUESDAY, the U.S. Commerce Department reported that groundbreaking new American homes jumped by 21.7% in May 2023 to 1.63 million units. Building permits, considered among the housing market's most forward-looking indicators, increased more than expected in May, rising 5.2% to 1.49 million units at a seasonally adjusted annualized rate. Kieran Clancy, Senior Economist at Pantheon Macroeconomics, said<\/a>:<\/p>\n\n\n\n
The University of Michigan's Surveys of Consumers released data on Friday, showing that consumer sentiment in the U.S. improved to a four-month high in June. This is also positive news, and the improved view reflects greater optimism after signs of easing inflation, economic resilience, and a better-than-expected earnings season in the U.S.<\/p>\n\n\n\n
Recent inflation data signalled that the Fed's monetary tightening is cooling the world's largest economy, and according to many analysts, the Federal Reserve is near the end of its tightening cycle. The U.S. economy remains stable even though the federal funds rate remains at its highest since 2007; the U.S. banking system is sound and resilient; job gains have been substantial, and the unemployment rate has remained low.<\/p>\n\n\n\n
THIS TUESDAY, the U.S. Commerce Department reported that groundbreaking new American homes jumped by 21.7% in May 2023 to 1.63 million units. Building permits, considered among the housing market's most forward-looking indicators, increased more than expected in May, rising 5.2% to 1.49 million units at a seasonally adjusted annualized rate. Kieran Clancy, Senior Economist at Pantheon Macroeconomics, said<\/a>:<\/p>\n\n\n\n
According to the latest American Association of Individual Investors(AAII) survey, Investor confidence is at a peak reaching a 19-month high. American Association of Individual Investors also reported that bearish sentiment fell to a 23-month low, and there is general expectation that the stock prices would rise over the next several months. The crypto market displayed a high correlation with U.S. equities. If a positive trend is witnessed in the stock market, the same is usually replicated in the crypto-sphere as well.<\/p>\n\n\n\n<\/figure>\n\n\n\n
The University of Michigan's Surveys of Consumers released data on Friday, showing that consumer sentiment in the U.S. improved to a four-month high in June. This is also positive news, and the improved view reflects greater optimism after signs of easing inflation, economic resilience, and a better-than-expected earnings season in the U.S.<\/p>\n\n\n\n
Recent inflation data signalled that the Fed's monetary tightening is cooling the world's largest economy, and according to many analysts, the Federal Reserve is near the end of its tightening cycle. The U.S. economy remains stable even though the federal funds rate remains at its highest since 2007; the U.S. banking system is sound and resilient; job gains have been substantial, and the unemployment rate has remained low.<\/p>\n\n\n\n
THIS TUESDAY, the U.S. Commerce Department reported that groundbreaking new American homes jumped by 21.7% in May 2023 to 1.63 million units. Building permits, considered among the housing market's most forward-looking indicators, increased more than expected in May, rising 5.2% to 1.49 million units at a seasonally adjusted annualized rate. Kieran Clancy, Senior Economist at Pantheon Macroeconomics, said<\/a>:<\/p>\n\n\n\n
Investor Jeremy Grantham warns of potential losses in the U.S. stock market and advises cautiousness. It's important to note that cryptocurrencies could also face a significant decline. This is due to the high correlation between the crypto market and U.S. equities. If the stock market experiences a downturn, the crypto-sphere may follow suit. Investors must consider this possibility.<\/p>\n","post_title":"Upbeat Economic Data Lifted Investors' Mood, But Days Ahead Could Give Cues On The Next Federal Reserve's Steps","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"upbeat-economic-data-lifted-investors-mood-but-days-ahead-could-give-cues-on-the-next-federal-reserves-steps","to_ping":"","pinged":"","post_modified":"2023-06-29 06:44:23","post_modified_gmt":"2023-06-28 20:44:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12237","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":12127,"post_author":"14","post_date":"2023-06-21 15:38:34","post_date_gmt":"2023-06-21 05:38:34","post_content":"\n
According to the latest American Association of Individual Investors(AAII) survey, Investor confidence is at a peak reaching a 19-month high. American Association of Individual Investors also reported that bearish sentiment fell to a 23-month low, and there is general expectation that the stock prices would rise over the next several months. The crypto market displayed a high correlation with U.S. equities. If a positive trend is witnessed in the stock market, the same is usually replicated in the crypto-sphere as well.<\/p>\n\n\n\n<\/figure>\n\n\n\n
The University of Michigan's Surveys of Consumers released data on Friday, showing that consumer sentiment in the U.S. improved to a four-month high in June. This is also positive news, and the improved view reflects greater optimism after signs of easing inflation, economic resilience, and a better-than-expected earnings season in the U.S.<\/p>\n\n\n\n
Recent inflation data signalled that the Fed's monetary tightening is cooling the world's largest economy, and according to many analysts, the Federal Reserve is near the end of its tightening cycle. The U.S. economy remains stable even though the federal funds rate remains at its highest since 2007; the U.S. banking system is sound and resilient; job gains have been substantial, and the unemployment rate has remained low.<\/p>\n\n\n\n
THIS TUESDAY, the U.S. Commerce Department reported that groundbreaking new American homes jumped by 21.7% in May 2023 to 1.63 million units. Building permits, considered among the housing market's most forward-looking indicators, increased more than expected in May, rising 5.2% to 1.49 million units at a seasonally adjusted annualized rate. Kieran Clancy, Senior Economist at Pantheon Macroeconomics, said<\/a>:<\/p>\n\n\n\n
Experts recommend a cautious approach when interest rates exceed 5%. This involves taking calculated risks due to the current economic climate, which is unstable and unpredictable. As interest rates increase, companies face higher borrowing costs, causing them to decrease spending, especially on hiring.<\/p>\n\n\n\n
Investor Jeremy Grantham warns of potential losses in the U.S. stock market and advises cautiousness. It's important to note that cryptocurrencies could also face a significant decline. This is due to the high correlation between the crypto market and U.S. equities. If the stock market experiences a downturn, the crypto-sphere may follow suit. Investors must consider this possibility.<\/p>\n","post_title":"Upbeat Economic Data Lifted Investors' Mood, But Days Ahead Could Give Cues On The Next Federal Reserve's Steps","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"upbeat-economic-data-lifted-investors-mood-but-days-ahead-could-give-cues-on-the-next-federal-reserves-steps","to_ping":"","pinged":"","post_modified":"2023-06-29 06:44:23","post_modified_gmt":"2023-06-28 20:44:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12237","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":12127,"post_author":"14","post_date":"2023-06-21 15:38:34","post_date_gmt":"2023-06-21 05:38:34","post_content":"\n
According to the latest American Association of Individual Investors(AAII) survey, Investor confidence is at a peak reaching a 19-month high. American Association of Individual Investors also reported that bearish sentiment fell to a 23-month low, and there is general expectation that the stock prices would rise over the next several months. The crypto market displayed a high correlation with U.S. equities. If a positive trend is witnessed in the stock market, the same is usually replicated in the crypto-sphere as well.<\/p>\n\n\n\n<\/figure>\n\n\n\n
The University of Michigan's Surveys of Consumers released data on Friday, showing that consumer sentiment in the U.S. improved to a four-month high in June. This is also positive news, and the improved view reflects greater optimism after signs of easing inflation, economic resilience, and a better-than-expected earnings season in the U.S.<\/p>\n\n\n\n
Recent inflation data signalled that the Fed's monetary tightening is cooling the world's largest economy, and according to many analysts, the Federal Reserve is near the end of its tightening cycle. The U.S. economy remains stable even though the federal funds rate remains at its highest since 2007; the U.S. banking system is sound and resilient; job gains have been substantial, and the unemployment rate has remained low.<\/p>\n\n\n\n
THIS TUESDAY, the U.S. Commerce Department reported that groundbreaking new American homes jumped by 21.7% in May 2023 to 1.63 million units. Building permits, considered among the housing market's most forward-looking indicators, increased more than expected in May, rising 5.2% to 1.49 million units at a seasonally adjusted annualized rate. Kieran Clancy, Senior Economist at Pantheon Macroeconomics, said<\/a>:<\/p>\n\n\n\n
The U.S. economy remains steady despite the federal funds rate reaching its peak since 2007. Investors should note that good economic data may lead to a 25 basis point increase in interest rates at the Federal Reserve's July meeting. Financial markets predict a 79.4% chance of this happening. This week's important economic data includes a crucial inflation measure that could provide valuable insight into the Federal Reserve's plans.<\/p>\n\n\n\n
Experts recommend a cautious approach when interest rates exceed 5%. This involves taking calculated risks due to the current economic climate, which is unstable and unpredictable. As interest rates increase, companies face higher borrowing costs, causing them to decrease spending, especially on hiring.<\/p>\n\n\n\n
Investor Jeremy Grantham warns of potential losses in the U.S. stock market and advises cautiousness. It's important to note that cryptocurrencies could also face a significant decline. This is due to the high correlation between the crypto market and U.S. equities. If the stock market experiences a downturn, the crypto-sphere may follow suit. Investors must consider this possibility.<\/p>\n","post_title":"Upbeat Economic Data Lifted Investors' Mood, But Days Ahead Could Give Cues On The Next Federal Reserve's Steps","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"upbeat-economic-data-lifted-investors-mood-but-days-ahead-could-give-cues-on-the-next-federal-reserves-steps","to_ping":"","pinged":"","post_modified":"2023-06-29 06:44:23","post_modified_gmt":"2023-06-28 20:44:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12237","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":12127,"post_author":"14","post_date":"2023-06-21 15:38:34","post_date_gmt":"2023-06-21 05:38:34","post_content":"\n
According to the latest American Association of Individual Investors(AAII) survey, Investor confidence is at a peak reaching a 19-month high. American Association of Individual Investors also reported that bearish sentiment fell to a 23-month low, and there is general expectation that the stock prices would rise over the next several months. The crypto market displayed a high correlation with U.S. equities. If a positive trend is witnessed in the stock market, the same is usually replicated in the crypto-sphere as well.<\/p>\n\n\n\n<\/figure>\n\n\n\n
The University of Michigan's Surveys of Consumers released data on Friday, showing that consumer sentiment in the U.S. improved to a four-month high in June. This is also positive news, and the improved view reflects greater optimism after signs of easing inflation, economic resilience, and a better-than-expected earnings season in the U.S.<\/p>\n\n\n\n
Recent inflation data signalled that the Fed's monetary tightening is cooling the world's largest economy, and according to many analysts, the Federal Reserve is near the end of its tightening cycle. The U.S. economy remains stable even though the federal funds rate remains at its highest since 2007; the U.S. banking system is sound and resilient; job gains have been substantial, and the unemployment rate has remained low.<\/p>\n\n\n\n
THIS TUESDAY, the U.S. Commerce Department reported that groundbreaking new American homes jumped by 21.7% in May 2023 to 1.63 million units. Building permits, considered among the housing market's most forward-looking indicators, increased more than expected in May, rising 5.2% to 1.49 million units at a seasonally adjusted annualized rate. Kieran Clancy, Senior Economist at Pantheon Macroeconomics, said<\/a>:<\/p>\n\n\n\n
The U.S. economy remains steady despite the federal funds rate reaching its peak since 2007. Investors should note that good economic data may lead to a 25 basis point increase in interest rates at the Federal Reserve's July meeting. Financial markets predict a 79.4% chance of this happening. This week's important economic data includes a crucial inflation measure that could provide valuable insight into the Federal Reserve's plans.<\/p>\n\n\n\n
Experts recommend a cautious approach when interest rates exceed 5%. This involves taking calculated risks due to the current economic climate, which is unstable and unpredictable. As interest rates increase, companies face higher borrowing costs, causing them to decrease spending, especially on hiring.<\/p>\n\n\n\n
Investor Jeremy Grantham warns of potential losses in the U.S. stock market and advises cautiousness. It's important to note that cryptocurrencies could also face a significant decline. This is due to the high correlation between the crypto market and U.S. equities. If the stock market experiences a downturn, the crypto-sphere may follow suit. Investors must consider this possibility.<\/p>\n","post_title":"Upbeat Economic Data Lifted Investors' Mood, But Days Ahead Could Give Cues On The Next Federal Reserve's Steps","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"upbeat-economic-data-lifted-investors-mood-but-days-ahead-could-give-cues-on-the-next-federal-reserves-steps","to_ping":"","pinged":"","post_modified":"2023-06-29 06:44:23","post_modified_gmt":"2023-06-28 20:44:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12237","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":12127,"post_author":"14","post_date":"2023-06-21 15:38:34","post_date_gmt":"2023-06-21 05:38:34","post_content":"\n
According to the latest American Association of Individual Investors(AAII) survey, Investor confidence is at a peak reaching a 19-month high. American Association of Individual Investors also reported that bearish sentiment fell to a 23-month low, and there is general expectation that the stock prices would rise over the next several months. The crypto market displayed a high correlation with U.S. equities. If a positive trend is witnessed in the stock market, the same is usually replicated in the crypto-sphere as well.<\/p>\n\n\n\n<\/figure>\n\n\n\n
The University of Michigan's Surveys of Consumers released data on Friday, showing that consumer sentiment in the U.S. improved to a four-month high in June. This is also positive news, and the improved view reflects greater optimism after signs of easing inflation, economic resilience, and a better-than-expected earnings season in the U.S.<\/p>\n\n\n\n
Recent inflation data signalled that the Fed's monetary tightening is cooling the world's largest economy, and according to many analysts, the Federal Reserve is near the end of its tightening cycle. The U.S. economy remains stable even though the federal funds rate remains at its highest since 2007; the U.S. banking system is sound and resilient; job gains have been substantial, and the unemployment rate has remained low.<\/p>\n\n\n\n
THIS TUESDAY, the U.S. Commerce Department reported that groundbreaking new American homes jumped by 21.7% in May 2023 to 1.63 million units. Building permits, considered among the housing market's most forward-looking indicators, increased more than expected in May, rising 5.2% to 1.49 million units at a seasonally adjusted annualized rate. Kieran Clancy, Senior Economist at Pantheon Macroeconomics, said<\/a>:<\/p>\n\n\n\n
\"The May durable goods orders and shipments data help to fend off fears that a recession is just around the corner. However, the economic backdrop is set to become more discouraging for manufacturers as tighter lending standards and elevated interest rates weaken demand for goods.\"<\/em><\/p>\n\n\n\n<\/figure>\n\n\n\n
The U.S. economy remains steady despite the federal funds rate reaching its peak since 2007. Investors should note that good economic data may lead to a 25 basis point increase in interest rates at the Federal Reserve's July meeting. Financial markets predict a 79.4% chance of this happening. This week's important economic data includes a crucial inflation measure that could provide valuable insight into the Federal Reserve's plans.<\/p>\n\n\n\n
Experts recommend a cautious approach when interest rates exceed 5%. This involves taking calculated risks due to the current economic climate, which is unstable and unpredictable. As interest rates increase, companies face higher borrowing costs, causing them to decrease spending, especially on hiring.<\/p>\n\n\n\n
Investor Jeremy Grantham warns of potential losses in the U.S. stock market and advises cautiousness. It's important to note that cryptocurrencies could also face a significant decline. This is due to the high correlation between the crypto market and U.S. equities. If the stock market experiences a downturn, the crypto-sphere may follow suit. Investors must consider this possibility.<\/p>\n","post_title":"Upbeat Economic Data Lifted Investors' Mood, But Days Ahead Could Give Cues On The Next Federal Reserve's Steps","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"upbeat-economic-data-lifted-investors-mood-but-days-ahead-could-give-cues-on-the-next-federal-reserves-steps","to_ping":"","pinged":"","post_modified":"2023-06-29 06:44:23","post_modified_gmt":"2023-06-28 20:44:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12237","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":12127,"post_author":"14","post_date":"2023-06-21 15:38:34","post_date_gmt":"2023-06-21 05:38:34","post_content":"\n
According to the latest American Association of Individual Investors(AAII) survey, Investor confidence is at a peak reaching a 19-month high. American Association of Individual Investors also reported that bearish sentiment fell to a 23-month low, and there is general expectation that the stock prices would rise over the next several months. The crypto market displayed a high correlation with U.S. equities. If a positive trend is witnessed in the stock market, the same is usually replicated in the crypto-sphere as well.<\/p>\n\n\n\n<\/figure>\n\n\n\n
The University of Michigan's Surveys of Consumers released data on Friday, showing that consumer sentiment in the U.S. improved to a four-month high in June. This is also positive news, and the improved view reflects greater optimism after signs of easing inflation, economic resilience, and a better-than-expected earnings season in the U.S.<\/p>\n\n\n\n
Recent inflation data signalled that the Fed's monetary tightening is cooling the world's largest economy, and according to many analysts, the Federal Reserve is near the end of its tightening cycle. The U.S. economy remains stable even though the federal funds rate remains at its highest since 2007; the U.S. banking system is sound and resilient; job gains have been substantial, and the unemployment rate has remained low.<\/p>\n\n\n\n
THIS TUESDAY, the U.S. Commerce Department reported that groundbreaking new American homes jumped by 21.7% in May 2023 to 1.63 million units. Building permits, considered among the housing market's most forward-looking indicators, increased more than expected in May, rising 5.2% to 1.49 million units at a seasonally adjusted annualized rate. Kieran Clancy, Senior Economist at Pantheon Macroeconomics, said<\/a>:<\/p>\n\n\n\n
The Commerce Department's durable goods report brought good news for analysts in May. Commercial aircraft\/parts saw a significant rise of 32.5%, transportation equipment increased by 3.9%, and autos\/features grew by 2.2%, leading to new orders. Non-defense capital goods, excluding aircraft, grew by 0.7%. The report indicates greater confidence in future business conditions and job availability for six months. Oren Klachkin, lead U.S. economist at Oxford Economics (OE), said<\/a>:<\/p>\n\n\n\n
The U.S. stock market recovered this Tuesday from recent losses as upbeat economic data cooled investor worries of a possible recession that could be triggered by the Federal Reserve's aggressive interest rate hikes. In May, the U.S. economy showed positive signs, with higher-than-expected orders for essential capital goods and a significant increase in sales of new single-family homes. Moreover, consumer confidence in the U.S. reached its highest level since January 2022.<\/p>\n\n\n\n
The Commerce Department's durable goods report brought good news for analysts in May. Commercial aircraft\/parts saw a significant rise of 32.5%, transportation equipment increased by 3.9%, and autos\/features grew by 2.2%, leading to new orders. Non-defense capital goods, excluding aircraft, grew by 0.7%. The report indicates greater confidence in future business conditions and job availability for six months. Oren Klachkin, lead U.S. economist at Oxford Economics (OE), said<\/a>:<\/p>\n\n\n\n
While sentiment-based indicators show that investors are no longer in panic, a recommendation is that you should continue to take a defensive investment approach in the upcoming days because another strong job report could also pressure the Fed to do more by anchoring a 25 bp hike this month and pushing back against the timeline for rate cuts. The next Federal Reserve meeting is on July 26. The CME Group survey shows a high probability of a 25 basis point rate increase.<\/p>\n","post_title":"The U.S. Economy Has Proven More Resilient Than Analysts Previously Expected. The Focus Of Investors Is Switching To The U.S. Jobs Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-u-s-economy-has-proven-more-resilient-than-analysts-previously-expected-the-focus-of-investors-is-switching-to-the-u-s-jobs-report","to_ping":"","pinged":"","post_modified":"2023-07-05 22:47:08","post_modified_gmt":"2023-07-05 12:47:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12354","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":12237,"post_author":"14","post_date":"2023-06-29 06:44:16","post_date_gmt":"2023-06-28 20:44:16","post_content":"\n
The U.S. stock market recovered this Tuesday from recent losses as upbeat economic data cooled investor worries of a possible recession that could be triggered by the Federal Reserve's aggressive interest rate hikes. In May, the U.S. economy showed positive signs, with higher-than-expected orders for essential capital goods and a significant increase in sales of new single-family homes. Moreover, consumer confidence in the U.S. reached its highest level since January 2022.<\/p>\n\n\n\n
The Commerce Department's durable goods report brought good news for analysts in May. Commercial aircraft\/parts saw a significant rise of 32.5%, transportation equipment increased by 3.9%, and autos\/features grew by 2.2%, leading to new orders. Non-defense capital goods, excluding aircraft, grew by 0.7%. The report indicates greater confidence in future business conditions and job availability for six months. Oren Klachkin, lead U.S. economist at Oxford Economics (OE), said<\/a>:<\/p>\n\n\n\n
While sentiment-based indicators show that investors are no longer in panic, a recommendation is that you should continue to take a defensive investment approach in the upcoming days because another strong job report could also pressure the Fed to do more by anchoring a 25 bp hike this month and pushing back against the timeline for rate cuts. The next Federal Reserve meeting is on July 26. The CME Group survey shows a high probability of a 25 basis point rate increase.<\/p>\n","post_title":"The U.S. Economy Has Proven More Resilient Than Analysts Previously Expected. The Focus Of Investors Is Switching To The U.S. Jobs Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-u-s-economy-has-proven-more-resilient-than-analysts-previously-expected-the-focus-of-investors-is-switching-to-the-u-s-jobs-report","to_ping":"","pinged":"","post_modified":"2023-07-05 22:47:08","post_modified_gmt":"2023-07-05 12:47:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12354","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":12237,"post_author":"14","post_date":"2023-06-29 06:44:16","post_date_gmt":"2023-06-28 20:44:16","post_content":"\n
The U.S. stock market recovered this Tuesday from recent losses as upbeat economic data cooled investor worries of a possible recession that could be triggered by the Federal Reserve's aggressive interest rate hikes. In May, the U.S. economy showed positive signs, with higher-than-expected orders for essential capital goods and a significant increase in sales of new single-family homes. Moreover, consumer confidence in the U.S. reached its highest level since January 2022.<\/p>\n\n\n\n
The Commerce Department's durable goods report brought good news for analysts in May. Commercial aircraft\/parts saw a significant rise of 32.5%, transportation equipment increased by 3.9%, and autos\/features grew by 2.2%, leading to new orders. Non-defense capital goods, excluding aircraft, grew by 0.7%. The report indicates greater confidence in future business conditions and job availability for six months. Oren Klachkin, lead U.S. economist at Oxford Economics (OE), said<\/a>:<\/p>\n\n\n\n
Over the past twelve months, the U.S. job report has outperformed market expectations on 11 out of 12 occasions, and another set of better-than-expected readings may reinforce hopes of a soft landing (a possibility that the U.S. economy escaped a deep recession). The U.S. economy added 339,000 jobs in May 2023, and in the chart below, we can also see how the job market performed since June 2021.<\/p>\n\n\n\n<\/figure>\n\n\n\n
While sentiment-based indicators show that investors are no longer in panic, a recommendation is that you should continue to take a defensive investment approach in the upcoming days because another strong job report could also pressure the Fed to do more by anchoring a 25 bp hike this month and pushing back against the timeline for rate cuts. The next Federal Reserve meeting is on July 26. The CME Group survey shows a high probability of a 25 basis point rate increase.<\/p>\n","post_title":"The U.S. Economy Has Proven More Resilient Than Analysts Previously Expected. The Focus Of Investors Is Switching To The U.S. Jobs Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-u-s-economy-has-proven-more-resilient-than-analysts-previously-expected-the-focus-of-investors-is-switching-to-the-u-s-jobs-report","to_ping":"","pinged":"","post_modified":"2023-07-05 22:47:08","post_modified_gmt":"2023-07-05 12:47:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12354","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":12237,"post_author":"14","post_date":"2023-06-29 06:44:16","post_date_gmt":"2023-06-28 20:44:16","post_content":"\n
The U.S. stock market recovered this Tuesday from recent losses as upbeat economic data cooled investor worries of a possible recession that could be triggered by the Federal Reserve's aggressive interest rate hikes. In May, the U.S. economy showed positive signs, with higher-than-expected orders for essential capital goods and a significant increase in sales of new single-family homes. Moreover, consumer confidence in the U.S. reached its highest level since January 2022.<\/p>\n\n\n\n
The Commerce Department's durable goods report brought good news for analysts in May. Commercial aircraft\/parts saw a significant rise of 32.5%, transportation equipment increased by 3.9%, and autos\/features grew by 2.2%, leading to new orders. Non-defense capital goods, excluding aircraft, grew by 0.7%. The report indicates greater confidence in future business conditions and job availability for six months. Oren Klachkin, lead U.S. economist at Oxford Economics (OE), said<\/a>:<\/p>\n\n\n\n
The jobs report on Friday is the next big test that could show if the economy is still resilient as higher rates crimp company credit lines. Companies must pay more to borrow when interest rates rise, causing them to decrease spending and job opportunities. According to analysts' estimates, the job report on Friday could show that the U.S. economy added 225,000 jobs in June 2023, with the unemployment rate set to fall to 3.6%, down from 3.7% in May.<\/p>\n\n\n\n
Over the past twelve months, the U.S. job report has outperformed market expectations on 11 out of 12 occasions, and another set of better-than-expected readings may reinforce hopes of a soft landing (a possibility that the U.S. economy escaped a deep recession). The U.S. economy added 339,000 jobs in May 2023, and in the chart below, we can also see how the job market performed since June 2021.<\/p>\n\n\n\n<\/figure>\n\n\n\n
While sentiment-based indicators show that investors are no longer in panic, a recommendation is that you should continue to take a defensive investment approach in the upcoming days because another strong job report could also pressure the Fed to do more by anchoring a 25 bp hike this month and pushing back against the timeline for rate cuts. The next Federal Reserve meeting is on July 26. The CME Group survey shows a high probability of a 25 basis point rate increase.<\/p>\n","post_title":"The U.S. Economy Has Proven More Resilient Than Analysts Previously Expected. The Focus Of Investors Is Switching To The U.S. Jobs Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-u-s-economy-has-proven-more-resilient-than-analysts-previously-expected-the-focus-of-investors-is-switching-to-the-u-s-jobs-report","to_ping":"","pinged":"","post_modified":"2023-07-05 22:47:08","post_modified_gmt":"2023-07-05 12:47:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12354","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":12237,"post_author":"14","post_date":"2023-06-29 06:44:16","post_date_gmt":"2023-06-28 20:44:16","post_content":"\n
The U.S. stock market recovered this Tuesday from recent losses as upbeat economic data cooled investor worries of a possible recession that could be triggered by the Federal Reserve's aggressive interest rate hikes. In May, the U.S. economy showed positive signs, with higher-than-expected orders for essential capital goods and a significant increase in sales of new single-family homes. Moreover, consumer confidence in the U.S. reached its highest level since January 2022.<\/p>\n\n\n\n
The Commerce Department's durable goods report brought good news for analysts in May. Commercial aircraft\/parts saw a significant rise of 32.5%, transportation equipment increased by 3.9%, and autos\/features grew by 2.2%, leading to new orders. Non-defense capital goods, excluding aircraft, grew by 0.7%. The report indicates greater confidence in future business conditions and job availability for six months. Oren Klachkin, lead U.S. economist at Oxford Economics (OE), said<\/a>:<\/p>\n\n\n\n
\"The economy has proven more resilient than we previously expected, owing largely to consumption. However, we do not expect such robust prints to continue. Momentum in the economy should slow as the lagged effects of tighter monetary policy and financial conditions start to take hold.\"<\/em><\/p>\n\n\n\n
The jobs report on Friday is the next big test that could show if the economy is still resilient as higher rates crimp company credit lines. Companies must pay more to borrow when interest rates rise, causing them to decrease spending and job opportunities. According to analysts' estimates, the job report on Friday could show that the U.S. economy added 225,000 jobs in June 2023, with the unemployment rate set to fall to 3.6%, down from 3.7% in May.<\/p>\n\n\n\n
Over the past twelve months, the U.S. job report has outperformed market expectations on 11 out of 12 occasions, and another set of better-than-expected readings may reinforce hopes of a soft landing (a possibility that the U.S. economy escaped a deep recession). The U.S. economy added 339,000 jobs in May 2023, and in the chart below, we can also see how the job market performed since June 2021.<\/p>\n\n\n\n<\/figure>\n\n\n\n
While sentiment-based indicators show that investors are no longer in panic, a recommendation is that you should continue to take a defensive investment approach in the upcoming days because another strong job report could also pressure the Fed to do more by anchoring a 25 bp hike this month and pushing back against the timeline for rate cuts. The next Federal Reserve meeting is on July 26. The CME Group survey shows a high probability of a 25 basis point rate increase.<\/p>\n","post_title":"The U.S. Economy Has Proven More Resilient Than Analysts Previously Expected. The Focus Of Investors Is Switching To The U.S. Jobs Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-u-s-economy-has-proven-more-resilient-than-analysts-previously-expected-the-focus-of-investors-is-switching-to-the-u-s-jobs-report","to_ping":"","pinged":"","post_modified":"2023-07-05 22:47:08","post_modified_gmt":"2023-07-05 12:47:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12354","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":12237,"post_author":"14","post_date":"2023-06-29 06:44:16","post_date_gmt":"2023-06-28 20:44:16","post_content":"\n
The U.S. stock market recovered this Tuesday from recent losses as upbeat economic data cooled investor worries of a possible recession that could be triggered by the Federal Reserve's aggressive interest rate hikes. In May, the U.S. economy showed positive signs, with higher-than-expected orders for essential capital goods and a significant increase in sales of new single-family homes. Moreover, consumer confidence in the U.S. reached its highest level since January 2022.<\/p>\n\n\n\n
The Commerce Department's durable goods report brought good news for analysts in May. Commercial aircraft\/parts saw a significant rise of 32.5%, transportation equipment increased by 3.9%, and autos\/features grew by 2.2%, leading to new orders. Non-defense capital goods, excluding aircraft, grew by 0.7%. The report indicates greater confidence in future business conditions and job availability for six months. Oren Klachkin, lead U.S. economist at Oxford Economics (OE), said<\/a>:<\/p>\n\n\n\n
![\"Federal](\"https:\/\/www.thedistributed.co\/wp-content\/uploads\/2023\/06\/FED-rates.jpg\")
<\/figure>\n\n\n\n![\"Surveys](\"https:\/\/www.thedistributed.co\/wp-content\/uploads\/2023\/06\/Investor-Optimism.jpg\")
<\/figure>\n\n\n\n![\"Durable](\"https:\/\/www.thedistributed.co\/wp-content\/uploads\/2023\/06\/Durable-goods.jpg\")
<\/figure>\n\n\n\n![\"Non-Farm](\"https:\/\/www.thedistributed.co\/wp-content\/uploads\/2023\/07\/US-Jobs-report.jpg\")
<\/figure>\n\n\n\n