Market Synopsis

2024

August 21, 2024

 

In addition to the annual central bank meeting in Jackson Hole this week, there was a slew of recent economic releases. Consumer Price Index numbers and a bounce back in unemployment numbers showed a slow down in inflation. However, there is still some weakness in the housing market. Housing Starts month-over-month were down almost 7% with Building Permits missing the expected 1,425k mark, coming in at 1,396k. This data will be analyzed and discussed at Jackson Hole as the Fed contemplates a possible rate cut at their September meeting. 

INVESTMENT IDEAS

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UPCOMING MUNICIPAL CALENDAR

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This information is obtained from sources and data considered to be reliable, but its accuracy and completeness is not guaranteed by Central States Capital Markets, LLC.