Gryphon Financial Partners

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Major equity markets ended last week positive in the wake of the election and the Federal Reserve’s November meeting. On Thursday, Fed Chairman Jerome Powell announced a 0.25% interest rate cut, a move that was widely expected. This week will include updates on inflation and US retail sales.

Major equity markets ended the week negative. Q3 earnings for major technology firms were in focus during the week, providing a mixed back of results and forward-looking guidance. In addition, the latest jobs report was released on Friday, showing the US economy added 12,000 jobs in October while unemployment remained steady at 4.1%.?Next week will be full of news as we have the US Presidential Election in addition to a two-day policy setting meeting from the Federal Reserve, where officials will decide on whether to maintain or change interest rates in the first meeting since September when the Fed reduced rates by 0.50%.

Major equity markets ended the week mixed. The week took a breather from what has been a surge in recent weeks to all-time highs heading into earnings season. Aside from discussion around the upcoming election, much of the attention seemed to focus on rising Treasury yields as investors continue to re-price expectations for interest rate cuts in the months ahead. Next week will include updates on Q3 GDP, inflation, and the labor market.

Major equity markets ended the week positive. Earnings season got underway with generally positive results, particularly from major banks. Next week, earnings season will continue along with data releases on the strength of the services and manufacturing sectors.

Major equity markets ended the week positive. Inflation data released during the week was mixed, but showed continued progress toward a lower, more stable rate that investors have been looking for. On Friday, earnings season kicked off to a strong start with updates from major banks that topped earnings expectations. Next week, earnings season will get underway while investors will also receive an update on retail sales.?

Major equity markets were mixed for the week. Rising geopolitical uncertainty coming out of the Middle East added to volatility during the week. On Friday however, the latest jobs report for September came in well-ahead of expectations and the unemployment rate fell to 4.1%. Next week will include meeting minutes from the latest Federal Reserve meeting as well as updates on inflation.

Major equity markets ended the week positive. New data released Friday supported confidence that inflation continues its path toward the Fed’s 2% target as Core PCE inflation came in below expectations. The PCE inflation measure is the Federal Reserve’s preferred metric for inflation. Additionally during the week, the final reading for second-quarter GDP came in higher at 3%, another sign of economic resilience. Next week will include updates on the strength of the US labor market.

Major equity markets ended the week positive. All eyes were centered on the Federal Reserve and Jerome Powell who announced a 0.5% interest rate cut, the first since 2020 and the first since Fed officials began raising rates in 2022. Moving forward, investors will continue to monitor for signs that the US economy can avoid a recession with updates next week that include data on US GDP, inflation, consumer sentiment, and additional commentary from Fed officials.

The FOMC announced yesterday it will reduce the Federal Funds target rate by 50 basis points, its first cut since 2020. This brings the new Federal Funds target rate to a range of 4.75 – 5.00%. The decision was approved by a majority of the committee, but with a rare dissent from one member, Michelle Bowman, who favored a 25 basis point cut. Markets had broadly anticipated a rate cut at this meeting, but the sizing of the cut was an open question heading into today’s announcement. Despite data....