Daily Rundown
June 18, 2026 Chart of the Day Number of the Day 2029 (or later) - The FOMC now anticipates that the core PCE inflation rate will not hit the 2.0 percent target until at least 2029, as the committee projects that the rate will stand at 2.1 percent at the end of the current forecast horizon in 2028 Quote of the Day "I can't give any forward guidance on what we'll do next." - Federal Reserve Chair Kevin Warsh Wednesday's Highlights The FOMC left the federal funds target u
Chief Strategist, Bryan Jordan CFA
2 min read
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Daily Rundown
June 17, 2026 Chart of the Day Number of the Day 0 - The number of times that the FOMC has delivered a surprise rate move in the first FOMC meeting of a new Fed chair Quote of the Day "These emerging technologies in space and satellites -and absolutely the push for AI compute capacity- is driving the insatiable appetite for all forms of capital." - RBC CEO Dave McKay Tuesday's Highlights Housing starts (May) fell by 15.4 percent to an annual pace of 1.2 million, the low
Chief Strategist, Bryan Jordan CFA
2 min read
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Daily Rundown
June 16, 2026 Chart of the Day Number of the Day 62.0 - The share of home builders using sales incentives in June, up from 61.0 percent in May and a 15th straight month at 60.0 percent or higher Quote of the Day "I'm pretty confident that (fuel costs) will remain high for a number of months. It will remain challenging from a cost perspective, from an inflation perspective." - Menzies Aviation CEO Philipp Joeinig Monday's Highlights Industrial production (May) inched up
Chief Strategist, Bryan Jordan CFA
2 min read
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Daily Rundown
June 15, 2026 Chart of the Day Number of the Day 37.7 - The year-to-date percentage increase in client margin loan balances at Charles Schwab Quote of the Day "Lower-income consumers exhibited a particularly strong sentiment increase, consistent with the fact that gasoline comprises a larger share of their budgets." - University of Michigan Survey of Consumers Director Joanne Hsu Friday's Highlight The University of Michigan consumer sentiment index (June) rose by 4.1 p
Chief Strategist, Bryan Jordan CFA
1 min read
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