By Tom Burnett CFA On August 14, 2024, the Bureau of Labor Statistics released its CPI report for July. The Index rose 0.2% in July, following an increase of 0.1% in June. The 12-month increase was 2.9%, the lowest rate of yearly increase since March 2021. The Core Index, excluding food and energy, rose…
We at Starboard hope this letter finds you well. We are writing to provide an update on the recent volatility and weakness observed in the financial markets over the past week…
KFA Newsletter July 2024
By Tom Burnett CFA On August 2, 2024, the Bureau of Labor Statistics released the Employment Report for July. Total employment rose by 114,000, well below the average monthly gain of 215,000 over the previous 12 months. The number of job seekers rose by 352,000 to 7.2 million, up from 5.9 million a year…
By Tom Burnett CFA On July 31, 2024, the Federal Open Market Committee (“FOMC”) issued its July report on Monetary Policy. The FOMC decided to leave rates unchanged at the current range of 5.25-5.50%. The Fed will also continue to sell down its inventory of Treasury and mortgage-backed securities…