In 1982, PSDLAF was created specifically to assist Schools and Municipal Entities in the Commonwealth of Pennsylvania to help manage their investment needs.
Lancaster, PA
Joined May 2018
- Tweets377
- Following125
- Followers106
- Likes755
PSDLAF retweeted
JUST IN: The Federal Reserve cut interest rates 0.25. The new benchmark interest rate is 4.5 to 4.75%. That's the lowest rate since early 2023.
All committee members supported the move.
PSDLAF retweeted
JUST IN: A strong jobs report. The US economy added 254,000 jobs in September. That’s way above expectations and a nice bounce from 159,000 in August. (Both July & August revised up)
Unemployment rate: 4.1%. (Down from 4.2% in August)
Wages: +4% in past year (vs. 2.5% inflation)
PSDLAF retweeted
Federal Open Market Committee statement: federalreserve.gov/newsevent… #FOMC
PSDLAF retweeted
#FOMC updated quarterly summary of economic projections (SEP), raising median projection for unemployment at end of 2024 to 4.4% (from 4% in June), representing increase from current level of 4.2%; median forecast for inflation at end of 2024 declined to 2.3%; median projection for economic growth ticked down to 2%; don't see inflation returning to 2% target until 2026; increase in
projection for long-run fed funds rate to 2.9% from 2.8%
RT @byHeatherLong: JUST IN: Federal Reserve cuts interest rates 50 bps, the first rate cut since 2020.
The new interest rate target is 4.75…
PSDLAF retweeted
JUST IN: A solid jobs report. The US added 142,000 jobs in August. That’s just below expectations of ~160k and a decent rebound from 89,000 jobs in July.
The unemployment rate fell back to 4.2% (down from 4.3% in July)
Wages: +3.8% in past year (well above 2.9% inflation)
Bottom line: The job market has cooled off a lot and there a clear warning signs, but a “soft landing” is still very possible.
PSDLAF retweeted
JUST IN: A really weak July jobs report. The US economy added only 114,000 jobs in July (well below forecasts)
Unemployment rate hits 4.3% —> Highest since October 2021 and this triggers the Sahm Rule recession indicator.
Wage growth: 3.6% (vs. 3% inflation)
PSDLAF retweeted
Revision for U.S. GDP brought growth up to +1.4% (q/q ann.) in 1Q2024; prior read was +1.3%
PSDLAF retweeted
JUST IN: The Federal Reserve predicts just ONE rate cut in 2024.
4 of the 19 Fed leaders predict NO CUTS
7 of the 19 Fed leaders forecast 1 cut
8 of the 19 forecast 2 cuts
PSDLAF retweeted
JUST IN: The US economy grew 1.6% in Q1. That’s solid, but it’s a clear slowdown from 3.4% in Q4.
Consumption moderated a little bit. Biz investment was still solid. ***But the biggest change was a slowdown in exports and government spending***
Q1 2024: 1.6%
Q4 2023: 3.4%
Q3 4.9%
Q2 2.1%
Q1 2.2%
Q4 2022: 2.6%
Q3: 2.7%
PSDLAF retweeted
*FED SWAPS SHIFT FULL PRICING OF RATE CUT TO SEPTEMBER FROM JULY
#jobs
PSDLAF retweeted
JUST IN: Another blockbuster month for jobs. The US economy added 303,000 jobs in March — way above expectations. The big gains were healthcare (72k) and gov’t (71k).
Unemployment rate: 3.8% (vs 3.9% in Feb)
Wage growth: 4.1% in past year (well above 3.2% inflation)
PSDLAF retweeted
Good news -- US Consumer sentiment has surged since the fall. Americans believe inflation is getting back under control and their personal finance are improving.
"Sentiment is currently about 30% above November 2023 and about 6% below its historical average since 1978."
(From University of Michigan Survey of Consumer Sentiment)
PSDLAF retweeted
Federal Reserve officials maintained their outlook for three 25bps cuts this year but forecast fewer cuts than before in 2025 following uptick in inflation; decision was unanimous; fed funds rate remains in range of 5.25% to 5.5% (highest since 2001, for fifth straight meeting)
Another great conference! Thank you @pasbo_org for all that you do! linkedin.com/posts/pma-finan…
PSDLAF retweeted
Strong hiring in February (+275,000 jobs added) especially in healthcare and gov't.
Healthcare +67,000
Gov't +52,000
Restaurants +42,000
Social aid +24,000
Construction +23,000
Retail +19,000
Couriers +17,000
Professional Biz +9,000
Manufacturing -4,000
Temp help -15,000
