Employment Archives - Page 2 of 2 - Unify Financial Advisors

Weekly Market Update – 7.8.2024

Following the July 4th holiday, the Employment Report indicated a strong but cooling labor market. After the report, the probability of a 0.25% rate cut in September increased to 75%. The prospects of lower interest rates pushed the S&P 500 and Nasdaq to close at all-time highs, up 17.57% and 22.73% YTD, respectively. This week, Delta (DAL), Pepsi (PEP), and big banks JP Morgan (JPM), Citi (C), and Wells Fargo (WFC) kick off the second quarter corporate earnings season. The S&P ...

Weekly Market Update – 7.1.2024

Last week, as expected, May’s headline PCE Index was up 0.1% from the previous month and 2.6% over 12 months, not far from the Fed’s 2% target rate. There is still a nearly 60% probability of a 0.25% rate cut in September. Sales of new single-family homes in May fell by 11.3%. The median sales price of new houses sold was $417,400, the lowest median price in the past 12 months and below the peak median price of $440,900 set in May 2023. May’s PCE Index ...

Weekly Market Update – 6.3.2024

Unify Financial Advisors Weekly Market Update Last week, we saw monthly gains in consumer confidence and the home price index of 4.6% and 0.3%, respectively. Nationwide home values increased 7.4% in the last 12 months ending in March. Consumer confidence reversed a two-month decline, but inflation worries of the surveyed participants persisted. Declines in revised GDP and Personal Consumption Expendituresgave mixed signals, but stocks declined, with the S&P 500 finishing the week ...

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Tag: Employment

Weekly Market Update – 7.8.2024

Weekly Market Update – 7.1.2024

Weekly Market Update – 6.3.2024

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