Omar Fakhouri’s Post

📊 Unemployment figures released today rose to 4.2%. 📉 Inflation came in lower than expected two weeks ago at 3.8%. 📉 Domestic GDP last quarter hit a 30-year low of 0.01% (fascinated to see what the next Q figures are). 🌏 New Zealand, England, and Canada are all cutting their interest rates, and the US Fed is likely to follow in September. 📈 It seems like we are seeing the beginning of the turn from "slow it all down" to "speed it back up." 💻 Being in the tech space, generally a forward-thinking market, we are seeing demand increase and optimism return—which is amazing! 😊

Friday Wrap Up: Market Update - GDP Comes In Above Forecast @ 3.0%. - Initial Jobless Claims Come Right In Line. - Inflation Continues Its Monthly .1% Decrease. - Pending Homes Sales Get Crushed While Setting a Record. - Rates Inch UP As Traders Expect Only A .25% Decrease From The FED. - I will say it again - lock those bottoms! - Start writing offers Y’all - It’s The Perfect Storm! #marketupdate #interestrates #mortgagerates #inflation #thefed #chairmanpowell #jobs #housing #realestate #lock #gdp

This morning upside surprise in U.S. GDP for Q2 of 2.8% (Consensus was 2.0%) showed their economy grew at a faster pace than expected, supported by solid expenditure details. In addition, PCE inflation data has continued to indicate easing price pressures, echoing slowing in CPI inflation in Q2. The labour market in the U.S. has also shown signs of slowing, evidenced by higher unemployment rates and a gradual decrease in employment and wage growth. In sum, strong economic growth is unlikely to be a concern for the Fed as long as inflation continues to slow and the labour market moves into a better balance. The end result being the first of hopefully many rate cuts by the U.S. Fed in September and that tarmac for that coveted soft landing appears to be in view.

𝐔.𝐒. 𝐒𝐡𝐨𝐰𝐢𝐧𝐠 𝐄𝐚𝐫𝐥𝐲 𝐒𝐢𝐠𝐧𝐬 𝐨𝐟 𝐒𝐭𝐚𝐠𝐟𝐥𝐚𝐭𝐢𝐨𝐧 𝐑𝐢𝐬𝐤 (𝑃𝑎𝑟𝑡 2) : 𝗙𝗼𝗹𝗹𝗼𝘄 𝘁𝗼 𝗴𝗲𝘁 𝘂𝗽𝗱𝗮𝘁𝗲𝘀 𝗼𝗻 𝘁𝗵𝗶𝘀 𝗼𝗻𝗴𝗼𝗶𝗻𝗴 𝘁𝗼𝗽𝗶𝗰 🔸 YoY inflation rate accelerated to 3.5% in March 2024. 🔸 YoY GDP Growth slowed to 3% in Q1 2024. 🔸 Unemployment rate rises to 3.9% If current trend persists, a stagflation scenario will most likely further force the Fed into inaction. 𝗧𝗵𝗲 𝗙𝗲𝗱 𝗶𝘀 𝗦𝘁𝘂𝗰𝗸: (https://lnkd.in/eeqbjm36), a stagflation scenario could throw a wrench into the works... Stagflation is an economic cycle characterized by slow growth and a high unemployment rate accompanied by inflation. Economic policymakers find this combination particularly difficult to handle, as attempting to correct one of the factors can exacerbate another. 𝙎𝙪𝙥𝙥𝙡𝙚𝙢𝙚𝙣𝙩𝙖𝙧𝙮 𝙄𝙣𝙛𝙤𝙧𝙢𝙖𝙩𝙞𝙤𝙣: =================================== ✔ 𝗪𝗵𝗮𝘁 𝗜𝘀 𝗦𝘁𝗮𝗴𝗳𝗹𝗮𝘁𝗶𝗼𝗻, 𝗪𝗵𝗮𝘁 𝗖𝗮𝘂𝘀𝗲𝘀 𝗜𝘁, 𝗮𝗻𝗱 𝗪𝗵𝘆 𝗜𝘀 𝗜𝘁 𝗕𝗮𝗱 https://lnkd.in/eWVQXZdY ✔ 𝗨𝗦 𝗷𝗼𝗯 𝗴𝗮𝗶𝗻𝘀 𝗳𝗲𝘄𝗲𝘀𝘁 𝗶𝗻 𝘀𝗶𝘅 𝗺𝗼𝗻𝘁𝗵𝘀; 𝘂𝗻𝗲𝗺𝗽𝗹𝗼𝘆𝗺𝗲𝗻𝘁 𝗿𝗮𝘁𝗲 𝗿𝗶𝘀𝗲𝘀 𝘁𝗼 𝟯.𝟵% https://lnkd.in/g3gYuUBU ✔ 𝗨.𝗦. 𝗦𝗵𝗼𝘄𝗶𝗻𝗴 𝗘𝗮𝗿𝗹𝘆 𝗦𝗶𝗴𝗻𝘀 𝗼𝗳 𝗦𝘁𝗮𝗴𝗳𝗹𝗮𝘁𝗶𝗼𝗻 𝗥𝗶𝘀𝗸 (𝑃𝑎𝑟𝑡 1) https://lnkd.in/gXf76YkU =================================== #TheMacroGPS #US #GDP #Inflation #Stagflation #FederalReserve #Fed #Unemployment

U.S. Fed holds rates steady, signals three cuts in 2024 amid economic optimism. Canada's inflation eases more than expected, as BoC rate decision looms. Read more in our latest edition of the Weekly Economic Headlines.

As we enjoy the sunshine this week, it's not just the weather heating up. Here are some key economic updates to keep on your radar this week: 📊 Today: We saw the labour market data release earlier this morning, and though wage growth fell quite sharply, the unemployment rate fell. 💷 Wednesday: Inflation figures will be in the spotlight. We're anticipating a rise to 2.3%, but services inflation is the crucial number, and that should still fall. 📈 Thursday: The GDP figures are set to be released, giving us a clearer picture of economic growth. We’re expecting June to come in a bit flat, but looking at Q2 as a whole and we should see another gangbusters quarter.

U.S. Fed holds rates steady, signals three cuts in 2024 amid economic optimism. Canada's inflation eases more than expected, as BoC rate decision looms. Read more in our latest edition of the Weekly Economic Headlines.

U.S. Fed holds rates steady, signals three cuts in 2024 amid economic optimism. Canada's inflation eases more than expected, as BoC rate decision looms. Read more in our latest edition of the Weekly Economic Headlines.

U.S. Fed holds rates steady, signals three cuts in 2024 amid economic optimism. Canada's inflation eases more than expected, as BoC rate decision looms. Read more in our latest edition of the Weekly Economic Headlines.