brought to you by Osaic Research ECONOMIC REVIEW¹ The ISM Manufacturing Index expanded for the seventh straight month, rising to 55.6 in July, well above market expectations of 53.9. Readings above 50 signal the sector is expanding, and below 50 suggest contraction. The employment index climbed to 52.8, marking its first expansionary reading in nearly […]
brought to you by Osaic Research ECONOMIC REVIEW¹ The Federal Reserve (Fed) met on Wednesday to determine the path of interest rates. As expected, the Federal Open Markets Committee (FOMC) left its target range unchanged at 3.50%-3.75%. Three of the 12 total voting committee members believed rates should move upward, suggesting that if inflation progress […]
brought to you by Osaic Research ECONOMIC REVIEW¹ The Conference Board Leading Economic Index (LEI), which provides an early indication of potential turning points in the business cycle and where the economy is heading in the near term, declined by 0.2% in June after a 0.1% increase in May. LEI is down by only 0.3% […]
brought to you by Osaic Research ECONOMIC REVIEW¹ Escalating tensions with Iran drove oil prices sharply higher this week, bringing geopolitical risk back into focus for investors. Inflation cooled more than expected in June, with headline Consumer Price Index (CPI) falling 0.4% month over month (MoM), exceeding expectations for a 0.1% decline, while the annual […]
ECONOMIC REVIEW¹ Geopolitical tensions in the Middle East remained elevated, as the ceasefire between the U.S. and Iran deteriorated and Iran resumed attacks on vessels transiting the Strait of Hormuz, underscoring the ongoing uncertainty surrounding the conflict. SpaceX was added to the Nasdaq-100 Index, providing passive index investors with exposure to the company. The recently […]
ECONOMIC REVIEW¹ The U.S. added 57,000 jobs in June, missing expectations of 110,000 and below a downwardly revised 129,000 in May. It is the lowest job gain in four months, following three consecutive months of stronger-than-expected gains. The US unemployment rate dropped to 4.2% in June, down from 4.3% in May and below expectations, likely […]
brought to you by Osaic Research ECONOMIC REVIEW¹ In Kevin Warsh’s first meeting as Federal Reserve (Fed) Chairman, the FOMC kept the federal funds target range unchanged at 3.50-3.75%. The decision was broadly in line with market expectations. The Fed’s Summary of Economic Projections (SEP) showed material upward revisions to both the 2026 and 2027 […]
brought to you by Osaic Research ECONOMIC REVIEW¹ The ISM Non-Manufacturing (Services) Index increased to 54.5 in May and exceeded consensus expectations of 53.8. (Readings higher than 50 indicate expansion, while readings below 50 represent contraction). The advance in May saw new orders and business activity expand at a faster pace while the employment index […]
brought to you by Osaic Research ECONOMIC REVIEW¹ U.S. Gross Domestic Product (GDP) got its final revision for the first quarter of 2026, which showed that it grew at an annualized rate of 1.6%. This was slightly below the previous estimate of 2.0%. In the final reading, personal consumption was revised lower, raising concerns about […]