In the past year, concerns about inflation, rising interest rates, and political instability have persisted, even as markets have shown improvement. However, recent tragic events in the Middle East ha…
Continue readingWeek in Review: U.S. Jobs Data Surprises
In September, the U.S. economy saw the creation of 360,000 new jobs, and an extra 119,000 positions were included in the count through revisions. The print surged passed expectations of only 170,000 new jobs, re-igniting the bonds
Continue readingCarrick Wins Advisory Award For 3rd Consecutive Year
Carrick Wealth, a leading wealth management and investment firm, is proud to announce its continued success at the prestigious International Investment Awards. Carrick has, once again, proven its indu…
Continue readingWeek in Review: Inflation Outlook Improves
In August, the core Personal Consumption Expenditures (PCE) price index, excluding food and energy, saw a modest 0.1% increase, marking the smallest monthly rise since November 2020. Over 12 months, the annual increase for core PCE was 3.9%,
Continue readingWeek in Review: Data Dilemma
Crude oil surged above the $90 per barrel mark for the first time since November 2022. Concerns around supply shortfalls heading into the last quarter of 2023 saw the commodity catch a strong bid, at…
Continue readingWeek in Review: Fed Holds Rates Steady
The Federal Reserve (Fed) paused its extended campaign against inflation this week, holding its benchmark interest rate steady and giving borrowers a breather after 11 hikes since March 2022.As expect…
Continue readingWeek in Review: China in the Spotlight
In a shortened holiday week, U.S. stock markets closed with losses primarily due to an upward shift in the interest rate outlook, driven by positive economic signals. Apple, a significant component of the S&P 500…
Continue readingWeek in Review: 17-Month High U.S. Unemployment
An increase in the number of job seekers caused the U.S. unemployment rate to rise in August, climbing from 3.5% to 3.8%. The collapse of a major trucking company resulted in the loss of 37,000 jobs…
Continue readingWeek in Review: Mixed Signals
The annual Jackson Hole symposium hosted by the Federal Reserve Bank of Kansas City commenced on Thursday. During the event, several Federal Reserve officials indicated that although there might not be…
Continue readingWeek in Review: U.S. Treasury Yields Rise
Longer-dated U.S. Treasury yields hit a 10-month high this week as investors focused on the prospects of longer-lasting high interest rates and a struggling Chinese economy. This week’s broad risk-off…
Continue reading