Boris Kalendarev

Today we saw the release of the monthly Non-Farm Payrolls report. Payroll numbers came in at 199k, above estimates of 180k (though revised numbers for September and October show a drop of 35k). The biggest detail market pundits are looking at is the Unemployment rate which dropped 0.2% to 3.7%. Rates sold off on this news. This is one …

Specialty Capital News and Views: Employment Situation Nov 2023 Read More »

This week we had the FOMC members meet for the monetary policy meeting. As expected, the FED held rates steady while signaling one more hike towards year end. The bigger surprise in the meeting was the adjustment to the “dot plot” see below on the anticipated rate cuts moving forward. For 2024, the forecast is for 5.1% …

Specialty Capital News and Views: FOMC Meets for Monetary Policy Meeting Read More »