Inflation

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Will Earnings Keep the Stock Market Momentum Going?

By David O'Malley | January 16, 2018

Last week’s inflation data came in slightly above expectations while most equity markets continued to rally. Stocks pushed to new all-time highs on optimism for economic growth, deregulation and a… Read More

Markets Turn Attention to Inflation Reports

By David O'Malley | January 8, 2018

Two U.S. inflation reports being released on Thursday and Friday will highlight the week ahead. The release of the Producer Price Index and Consumer Price Index will show if inflationary… Read More

Bitcoin and a Flattening Yield Curve

By Zhiwei Ren | December 7, 2017

Bitcoin is a hot topic in the financial media right now. At post time, one bitcoin is worth approximately $11,750, up from roughly $1,000 at the beginning of 2017. We also… Read More

Stocks Hit New Highs

By David O'Malley | November 27, 2017

In an abbreviated week, U.S. equities reached all-time highs. Optimism around ongoing economic momentum spurred by potential tax reductions kept concerns about higher valuations at bay and elevated a market… Read More

Inflation Data this Week to Remain Subdued 

By David O'Malley | November 13, 2017

Tuesday’s release of the Producers Price Index (PPI) and Wednesday’s release of the Consumer Price Index (CPI) will be the economic data highlights this week. With inflation remaining stubbornly low despite strong employment conditions and the odds of a December interest rate increase running around 80%, the importance of the pace of inflation data takes on greater significance.

Oil Prices Continue to Climb Higher

By David O'Malley | November 6, 2017

Last week Jerome Powell was nominated as the next Federal Reserve chairman. In addition to this key announcement other market-moving data, including the employment report, tax bill and treasury refunding,… Read More

Bond Bull Market Keeps on Running

By Penn Mutual Asset Management | November 3, 2017

Penn Mutual Asset Management CIO Mark Heppenstall outlines the potential risks to the long-running bond bull market in his latest contribution for The Hill. While the bond bull market remains… Read More

And the Next Fed Chair is?

By David O'Malley | October 23, 2017

Stocks rallied and bond yields rose last week on optimism for the Republicans to successfully pass tax reform and on strength in third quarter corporate earnings. These two factors will probably continue to move markets in the coming week.

Inflation Data Disappoints

By David O'Malley | October 16, 2017

The Consumer Price Index (CPI) increased by 0.5% for the month of September but was lower than expected. Despite a tight labor market, strong economic conditions and increasing commodity prices, inflation has remained lower than expected throughout 2017. Further, CPI has been lower than its expectations in six of the last seven months.

Fed Continues Hawkish Tone

By David O'Malley | September 25, 2017

The stock market held near record levels and interest rates were stable after the Federal Reserve (Fed) announced its much anticipated plan to shrink its balance sheet last week. Despite concerns about the impact of Fed interest rate increases on the long term economy and inflation outlook, the Fed took a constructive view of the dynamics impacting the economy. As a result of the relatively hawkish tone, the odds of a December rate hike increased. I still believe the Fed will hold off on increasing rates until 2018.



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This blog post is for informational use only. The views expressed are those of the author, Dave O’Malley, and do not necessarily reflect the views of Penn Mutual Asset Management. This material is not intended to be relied upon as a forecast, research or investment advice, and it is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy.

Any statements about financial and company performance of The Penn Mutual Life Insurance Company or its insurance subsidiaries (each, “Client”) made by the author is provided with a written consent from the Client.  Penn Mutual Asset Management is a wholly owned subsidiary of The Penn Mutual Life Insurance Company.

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