July CPI Results Came in as Expected

The July CPI results came in at expectation with an increase of 0.2 percent for the month while the year-over-year number for the headline result was slightly favorable with a 3.2 percent result compared to the 3.3 percent expected.

A Downgrade from AAA to AA+

This week holds the July FOMC Meeting. Market participants anticipate that the FOMC will raise the Fed Funds rate one more time to the 525-550 basis point level. As it stands today, the CME Group projects the greater probability that this will serve as the peak in the Fed Funds rate.

Optimism Returned Across the Equity Market

This week holds the July FOMC Meeting. Market participants anticipate that the FOMC will raise the Fed Funds rate one more time to the 525-550 basis point level. As it stands today, the CME Group projects the greater probability that this will serve as the peak in the Fed Funds rate.

The Major Markets Closed Mixed Last Week

This week holds the July FOMC Meeting. Market participants anticipate that the FOMC will raise the Fed Funds rate one more time to the 525-550 basis point level. As it stands today, the CME Group projects the greater probability that this will serve as the peak in the Fed Funds rate.