Fed Note 29 July 2026
At the July meeting, the U.S. Federal Reserve Open Market Committee voted to keep the Fed funds rate unchanged at the current range of 3.50-3.75%. The vote was 9-3, with dissents from Hammack, Kashkari, and Logan, all of whom preferred to raise rates by 0.25%.
Economic Review 27 July 2026
In a light week for economic data, S&P services PMI continued to increase, while manufacturing data flattened out, although both remained plagued by higher inflation. New home sales reversed course and rose, although to a minimal degree.
Equities were mixed, with declines in the U.S. and minimal gains internationally, with offsetting views about AI and inflation implications of the Middle East war. Bonds fell back globally along with higher inflation expectations and movements in the dollar. Commodities rose broadly, led by another spike in oil prices.
Economic Review 20 July 2026
Economic data last week included recent month improvements in consumer and producer
inflation, as well as consumer sentiment, tempered results in industrial production and
retail sales, and a mixed bag of housing data.
Economic Review 13 July 2026
Economic Review 6 July 2026
Economic Review 29 June 2026
Economic Review 22 June 2026
Fed Note 17 June 2026
Market Note 12 March 2026
Financial market jitters had been expected starting last week as U.S.-Israeli forces launched a military campaign on several locations in Iran, which included the death of the Iranian leader.
Economic Review 2 March 2026
Economic data for the week included a stronger-than-expected report for producer price inflation, moderate gains in housing prices and construction spending, as well as some improvement in consumer
confidence.