Gryphon Financial Partners

This is a celebratory day for Gryphon Financial Partners as we celebrate 10 years of being independent!

Major equity markets ended the holiday week positive. On Friday, the latest jobs report was released, which was largely in line with expectations as the unemployment rate ticked up to 4.1%. Next week will include several updates on inflation while the second-quarter earnings season will get underway.

Major equity markets ended last week mixed, bringing an end to the second quarter which was generally positive. A key inflation reading released on Friday was in line with expectations, showing a 2.6% increase from a year ago, and marking the lowest annual rate since 2021. This was a positive sign for investors attempting to predict the path of interest rate policy. This week will see a shortened week due to the July 4th holiday, but will include updates on the US labor market and the strength of the manufacturing and services sectors.    

Major equity markets ended the week positive. U.S. retail sales rose just 0.1% in May from the prior month, weaker than what analysts expected as consumers continue to wrestle with stubbornly higher levels of inflation and elevated interest rates. The report may be viewed as a welcome sign for policymakers, who have been wishful for continuing signs of moderating economic growth and inflation as they consider the timing of interest rate cuts. Next week, investors will receive an update on inflation and consumer sentiment. 

Check out this Columbus Business First People on the Move article welcoming Ian Hundley, CFP®, CEPA®to the Gryphon team.

Major equity markets ended last week mixed. For the seventh consecutive meeting, Federal Reserve officials left interest rates unchanged. However, the committee adjusted the language in its statement to indicate that “there has been modest further progress” toward the 2% inflation objective, replacing previous language from the May statement that had indicated a lack of progress. Officials penciled in just one interest-rate cut for this year, indicating there is no hurry to lower rates. Markets will be closed Wednesday for Juneteenth Day, but investors will receive an update on retail sales as well as additional commentary from Fed officials.

Welcome Ian Hundley, CFP®, CEPA® to Gryphon as Director, Wealth Management. We are excited to have you as a new teammate and look forward to sharing many successes.

Major equity markets ended the week positive. Much of the focus was centered around the jobs report released Friday which came in well above expectations while the unemployment rose to 4%. Despite showing a strong labor market, this news was somewhat disappointing for investors hoping for a more accommodative stance from the Federal Reserve. Next week, the Federal Reserve will meet to decide whether or not to keep interest rates at current levels.

Major equity markets finished the week mixed. Minutes from the Federal Reserve meeting in May indicated concern over the lack of progress as well as the upside risks remaining to inflation. Chair Jerome Powell mentioned that the Fed will “need to be patient and let restrictive policy do its work” as inflation holds higher. Next week, markets will be closed Monday in observance of Memorial Day but will feature updates on inflation and economic growth.

Major equity markets ended the week positive. Inflation and its potential impact on monetary policy was center stage during the week. Headline inflation rose by 0.3% month-over-month versus expectations for a 0.4% gain, a positive sign that inflation continues to cool. In conjunction, retail sales for April finished flat month-over-month, indicating waning consumer strength. Next week, investors will pay attention to minutes from the Federal Reserve’s May meeting for clues about when rate cuts might commence.