Market Looking Ahead to FOMC Meeting Next Week

Market Looking Ahead to FOMC Meeting Next Week This week is thin on market-moving economic releases, and it’s also thin on Fed headlines as officials have gone into radio silence prior to next week’s FOMC meeting. That’s not to say the holiday-shortened week is completely devoid of data, as some housing numbers will make an…

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Range-Trading Appears to Lie Ahead

Range-Trading Appears to Lie Ahead Today, we receive a boatload of data headlined by retail sales for December. Other notable reports are industrial production, and the University of Michigan Sentiment survey for January. It’s not likely, however, that any of the new releases will move markets out of their recent ranges prior to the MLK…

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Examining Bond Portfolio Trends: Fourth Quarter 2021

Examining Bond Portfolio Trends: Fourth Quarter 2021 Beginning in May 2012, we started tracking  portfolio trends of our bond accounting customers here at the Correspondent Division of SouthState Bank.  At present, we account for over 130 client portfolios with a combined book value of $19.0 billion, or $143 million on average per portfolio.  Twelve months…

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December CPI Headlines Busy Week

December CPI Headlines Busy Week While the December jobs report posted solid numbers, probably more important to the Fed’s intentions to possibly hike in March will be what the inflation numbers do between now and then. December CPI will be the first inflation report since last month’s FOMC meeting.  Expectations are that price pressures will…

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Fed Minutes Might Overshadow December Jobs Report

Fed Minutes Might Overshadow December Jobs Report The December jobs report is due out this morning (8:30 ET), but the most consequential market moving event has already occurred and that was the release of the FOMC December minutes on Wednesday. We discuss in more detail below our thoughts on the minutes and what the market…

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Investors Weigh Virus Impact While Awaiting December Jobs Report

Investors Weigh Virus Impact While Awaiting December Jobs Report The first trading week of the new year arrives and while the December jobs report on Friday will deliver some first-tier economic news, the market will likely be focused early in the week on the developments with the Omicron variant as schools reopen and others return…

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FOMC Decisions Continue to Ripple Through Markets

FOMC Decisions Continue to Ripple Through Markets The market will get to spend its pre-holiday week digesting what was learned from the latest FOMC meeting. That meeting represented a clear shift in the reaction function of the Fed to one of inflation-fighting, first and foremost. With an acceleration of tapering expected to be completed now…

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Fed Pivots Hard to Inflation-Fighting Mode

Fed Pivots to Price Stability Mandate for 2022 We mentioned, not long ago, that once inflation had jumped from a business section story to the front pages the Fed would have to be seen as doing something, and Wednesday’s FOMC meeting fulfilled that demand. While Fed Chair Powell’s congressional testimony two weeks ago signaled the…

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FOMC Meets to Accelerate Taper and What Else?

FOMC Meets to Accelerate Taper and What Else? The FOMC meeting concludes this afternoon and we provide some early expectations of what we think we’ll see from the meeting in the sections below. With an updated economic and rate forecast, quarter-end meetings always have their fair share of intrigue, and with expectations of a faster…

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FOMC Meeting Headlines the Week

FOMC Tapering Decision Headlines the Week All eyes will be on the Wednesday afternoon announcement from the Fed on whether they will accelerate the pace of QE tapering. While that is likely to occur, the meeting won’t stop there with providing a couple other news-making items. It’s expected the tapering pace will be doubled, starting…

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Supply Chains Not Likely to Untangle in Time to Save the Fed from Hiking by Mid-Year

Supply Chains to Remain Tangled Well into 2022 As you read this the November CPI numbers will likely have been released and will probably signal another month of steamy inflation that will have the Fed poised to increase the pace of tapering at next week’s FOMC meeting. The overall CPI is expected to print the…

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November Inflation Numbers Likely to Speed Up Tapering

Inflation Numbers Likely to Speed Up Tapering Schedule Team Transitory retired from the field of play last week and it could be like the grizzled veteran that saw the handwriting on the wall. We talk here about the upcoming CPI report for November, due on Friday, that we discuss in more detail below. It seems…

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