The beginning of the end for the current run of peak yields looks set to start tomorrow (Wed., Sep. 18) as the Federal Reserve is expected to roll out its first interest rate cut. On the eve of regime shift it’s timely to take stock of where we are with trailing payout rates across the major asset classes, based on a set of ETFs.
Daily Archives: September 17, 2024
Macro Briefing: 17 September 2024
US economy is at an “important turning point,” says the top economic advisor in the White House. “Inflation is now back down close to pre-pandemic levels, and that means the focus needs to be on safeguarding the gains — the important gains — we’ve made in the labor market,” observes White House National Economic Advisor Lael Brainard.
New York Fed Manufacturing Index indicates a strong rebound in business activity for September. “Business activity grew in New York State for the first time in nearly a year, according to firms responding to the September 2024 Empire State Manufacturing Survey,” the bank reports. “New orders climbed, and shipments grew significantly.”
