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 […]
brought to you by Osaic Research ECONOMIC REVIEW¹ As expected, the Consumer Price Index (CPI) came in hot again last month, rising 0.6% in April after increasing 0.9% in March. Consecutive months of sharply rising prices have pushed the annual headline figure to 3.8%, the highest level in three years. Higher energy prices resulting from […]
brought to you by Osaic Research ECONOMIC REVIEW¹ Investors received key insights into the labor market with the release of the monthly jobs report, which suggested nonfarm payrolls increased 115,000, nearly doubling the expected 62,000 jobs analysts had predicted. This strength was in spite of a decline of -8,000 government jobs for the month. The […]
ECONOMIC REVIEW¹ March’s Personal Consumption Expenditures (PCE) index, the Federal Reserve’s preferred inflation gauge, increased 0.7% month-over-month (MoM) and 3.5% year-over-year (YoY). Core PCE, which removes the volatile food and energy categories, rose at a more modest rate of 0.3% but remained elevated at 3.2% over the last year. The increase was primarily driven by […]
Brought to you by Osaic Research ECONOMIC REVIEW¹ The ceasefire between the U.S. and Iran was extended again last week, helping stabilize sentiment and keeping diplomatic hopes alive, but progress stalled as planned peace talks were canceled, and both sides continued negotiating indirectly with no clear breakthrough.² Despite the pause in direct fighting, tensions escalated […]
brought to you by Philip Blancato, Osaic's Chief Market Strategist ECONOMIC REVIEW1 The ISM Non-Manufacturing (Services) Index declined to 54.0 in March, lagging the consensus expectation of 54.9 but remaining solidly in expansion territory. The decline in March follows an acceleration in February that saw the index expand at the fastest pace in over three […]
brought to you by Philip Blancato, Osaic's Chief Market Strategist ECONOMIC REVIEW1 The conflict in Iran remained the primary market driver last week, with sentiment shaped by comments suggesting the U.S. may reduce its involvement in the region even as the Strait of Hormuz remains closed. As the war enters its sixth week, markets continue […]
brought to you by Philip Blancato, Osaic's Chief Market Strategist ECONOMIC REVIEW1 The Iran war remained the primary focus for markets last week as strikes continued and there have been no publicly announced signs from both parties that a resolution is near. As the conflict looks to enter its fifth week, investors continue to assess […]