Monthly Market Update – September 2023
Inflation: Surging energy and gas prices Despite recent optimism about declining inflation, the Consumer Price Index (CPI) recorded its largest monthly increase this year, up 0.6% in August(1). On an annual basis, prices rose 3.7%, compared to 3.2% in July(1). Core inflation, which excludes more volatile food and energy prices, rose 0.3% in August, marking […]
May 2023 Market Update
Inflation, Employment Data, and Interest Rates The inflation report for April indicated the Consumer Price Index (CPI) may not be falling quickly enough to support the current market expectations of significant interest rate cuts by the end of the year. Bloomberg Economics suggests that the Federal Reserve is now prioritizing credit indicators and is likely […]
April 2023 Market Update
The Economy and Labor Market Consumers are the largest and most important part of the US economy, and their ability to drive it has been critical over the last year or so. Sentiment data has shown pessimistic views of the economy, but the tight jobs market has been a key point of the consumers’ resilience […]
February 2023 Market Update
It’s raining data! The American consumer continues to enjoy considerable winds at their back from a tight labor market. In January, businesses dramatically surprised markets by adding 517,000 jobs. The unemployment rate fell to 3.4%(3), the lowest since the late 1960s. There have been many headlines of large layoffs, but so far they have not […]
December 2022 Market Update
Cooling Inflation and strong labor market In its last meeting of the year, the Federal Reserve raised rates by another 50 basis points, bringing the target policy rate to 4.25%-4.5%, up from 0%-0.25% at the start of this year. The meeting followed a better-than-expected inflation report that showed that both yearly headline and core inflation […]
October 2022 Market Update
Inflation Another hot inflation report from September shows the Fed has a long way to go to get inflation under control. The Consumer Price Index rose 0.4% for the month and 8.2% over the prior year(1). While the annual increase is slightly slower than the 8.3% in August, there weren’t many silver linings in the […]
July 2021 Market Update
At Revo Financial, we want you to be well informed about what’s happening in the markets. Here are a few of the key topics of conversation that deserve the most attention this month. Call us to get your questions answered or continue the conversation in a complimentary 1-on-1 phone appointment. These days, everything is about […]
