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…
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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
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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…
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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%,
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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…
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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…
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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…
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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…
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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…
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The past week witnessed a varied performance in the major U.S. stock markets. Investors grappled with the implications of subdued inflation data against concerns stemming from the recent uptick in lon…
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