Fixed income investors will remember 2022–2024 as the longest and deepest yield curve inversion in modern history. After first inverting in July 2022, the yield curve didn’t revert back to “normal” until December 2024 —

While the new Donald Trump administration is still assembling, the outgoing Treasury Secretary, Janet Yellen, left a reminder that government business waits for no one. In a recent letter to lawmakers, Yellen warned that the U.S. would hit its debt c

Key Highlights from the Institute for Supply Management (ISM) Report on Business:

• Economic activity in both the manufacturing and services sectors improved in December relative to the previous month. However, the manufacturing diffusion ind

Key Highlights

• Inflation data have been mixed, creating a ripe environment for investors to debate the perceived inflation trajectory.

• The Federal Reserve (Fed) will announce its rate decision later today, along with pub

As the Election Day dust settles, the U.S. Dollar Index has found itself at fresh year-to-date highs. The post-election rally of around 3% has been underpinned by rising yields, a byproduct of an improving domestic growth outlook and rising inflation

Key Talking Points 

• Reported this morning, October inflation rose 0.2% from a month ago, the same monthly pace as July, August, and September as inflation is finding its balance.

• Despite the fairly steady

The technology sector was all the rage last week thanks to strong results from artificial intelligence (AI) darling NVIDIA (NDVA). Generally, a top-performing sector over the past decade, it’s hard to overstate technology’s importance to

Key Takeaways 

• Firms expect demand for luxury goods to be stable in 2024. 

• Overall, future buying plans for large-ticket items declined in January. 

• The job market is key for both growth trajecto

Key Takeaways

• Semiconductors continue to lead the broader market to new highs.

• The growing integration and excitement around artificial intelligence (AI) has revitalized demand and optimism for the industry.

• Wo

Key Takeaways 

• Inflation expectations over the next 12 months have convincingly improved, giving the Federal Reserve (Fed) reasons to pivot. We will likely notice improving inflation dynamics later this week. 

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