Analyst Cameron Crise said the much-anticipated Waller speech triggered market volatility, with one notable comment being that he would support strong action/early rate cuts if necessary. But the market suddenly...
Analyst Cameron Crise said the employment data at first glance looked very close to the apparent consensus, albeit with a revision to the previous value. The unemployment rate fell to 4.2%, in line with the median forecast but indicating a reversal in the recent upward trend, which is somewhat comforting, especially with the participation rate unchanged, household employment increased by 168,000, close to the increase in non-farm payrolls (142,000). It is important to note that the previous mont...
Macro strategist Cameron Crise said that throughout the post-epidemic period, the Fed's Beige Book has been pessimistic about economic growth, with the most optimistic assessment of the U.S. economic expansion being "moderate". The latest Beige Book, on the other hand, pointed to "modest" growth in three regions, and flat or even negative growth in nine other regions. This is slightly inferior to the previous report. In isolation, this sounds bad, and to be sure, the Fed can use this as an excus...