VRALetter

VRA Letter: Important Week Ahead. Ed Hyman; “The Fed Will Cut Rates 6 x in 2024”. Inflection Points; 10 Year, USD, Gold, KWEB. VRA 10-Baggers & the Innovation Revolution

Good Monday morning. In his highly anticipated speech at the annual economic confab in Jackson Hole, Wyoming on Friday, Fed Chair J Powell argued in favor of keeping rates steady but noted that "further tightening" could be warran ...

Posted On August 28, 20238 MIN Read
Share:
vra-default-img

Good Monday morning. In his highly anticipated speech at the annual economic confab in Jackson Hole, Wyoming on Friday, Fed Chair J Powell argued in favor of keeping rates steady but noted that "further tightening" could be warranted if the economy does not slow enough to help cool inflation.

It’s an important week for economic and inflationary data as we’ll get the August jobs report on Friday, preceded by the PCE (personal consumption expenditure index) on Thursday.

Estimates show that the US added 170,000 jobs during the month (down from 187,000 in July) while the unemployment rate is seen staying unchanged at 3.5%. There is an 80% chance that the Fed will maintain the Fed Funds Rate at 5.50% at its next meeting in September, according to the "Fed Rate Monitor". Meanwhile, the probability of a 1/4 point hike at its November meeting stands at just under 50%, moving up from about 35% last week.

Ed Hyman, our favorite economist and almost certainly the best in the business for...

Continue reading your article and start your free 14-day trial with VRA.

Start Free Trial

Already have an account? Sign in.

Related Post

July 12, 2024
VRA Letter: Quick Hitters Round Two.

Good Friday morning. VRA Quick Hitters. 1) Right on cue: textbook rotational, broadening action into value and mid/small caps with extreme overbought readings in growth (as they pause, only) with another day of excellent internals. This is the exact broadening action we’ve been forecasting.  The Dow just hit ATH. Now we have just one index that’s yet to […]

July 12, 2024
VRA Letter: Friday Quick Hitters

Good Friday morning all, It has been an eventful end to the week. We are working on a few new write-ups right now, so this morning we have our VRA quick hitters. I'll have another update out later in the day. 1.) This morning we got another look at inflation with the Producers Price Index (PPI), […]

July 11, 2024
VRA Letter: VRA 8PM EST Zoom With X1. 10 PM EST Interview with WAR. June CPI; Disinflation Continues to Build. The Roaring 2020’s & Innovation

Good Thursday morning. Heads up:  1) Tonight we have a VRA Members Only Zoom with Xtract One Tech (XTRAF) CEO Peter Evans at 8PM EST. Please send your questions for Peter asap. You’ll want to be on this Zoom. X1 is a VRA 10-bagger nearing a hyper-growth phase. Here’s your Zoom link: https://us06web.zoom.us/j/81273879495?pwd=czu1AYKBGa9AoZFttfTDlw6OoOxZ3r.1 2) Tonight at 10 […]

July 10, 2024
VRA Letter: Long and Strong; Generals Leading. Restrictive Fed, Rate Cuts Nearing. Miners Flashing Buy Signals. X1 Zoom. Tesla Goes Parabolic.

Good Wednesday morning. Our power and cell service were restored last night, but 1.5 million remain without power in the Houston area. Thanks very much to everyone that reached out with your concerns. Houston, a once long-term conservative city, has been run by Dems for more than a decade. Same with Centerpoint Energy, whose top […]

July 09, 2024
VRA Letter: Hurricane Beryl.

Good Tuesday morning. 2 million are still without power in the Houston area and we’re in that group. This was a low-wind hurricane but not only is power out most everywhere but cell service with it. I’m writing this from our local HEB (grocery store). They are telling us we “may” be back up tomorrow. […]