July Non-Farm Payrolls Boost Dollar, Adjust Fed Expectations

Friday morning brought a pleasant surprise for U.S. markets ahead of a hot summer weekend.  July U.S. Non-Farm Payrolls came in at 209,000 jobs created, which was significantly above estimates of 180,000.  This led to a reduction in the unemployment rate to 4.3% from 4.4%, which matched estimates.  The lower unemployment rate comes despite a … Continue reading July Non-Farm Payrolls Boost Dollar, Adjust Fed Expectations

July Fed Meeting: Inflation Concerns and Upcoming Balance Sheet Unwind

The Federal Reserve left interest rates unchanged Wednesday at the conclusion of its July policy meeting as expected.  The focus, however, was on the language in its accompanying statement around two key areas, inflation and its $4.5 trillion balance sheet. With regards to inflation, the Fed changed its phrasing around inflation saying that it was … Continue reading July Fed Meeting: Inflation Concerns and Upcoming Balance Sheet Unwind