In 1982, PSDLAF was created specifically to assist Schools and Municipal Entities in the Commonwealth of Pennsylvania to help manage their investment needs.
Joined May 2018
- Tweets 377
- Following 126
- Followers 106
- Likes 755
61 Photos and videos
PSDLAF retweeted
7 Nov 2024
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.
23
207
573
77,195
PSDLAF retweeted
4 Oct 2024
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)
735
1,489
3,594
790,141
PSDLAF retweeted
18 Sep 2024
Federal Open Market Committee statement: federalreserve.gov/newsevent… #FOMC
20
223
472
117,519
PSDLAF retweeted
18 Sep 2024
#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%
2
22
80
22,797
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…
4
1
PSDLAF retweeted
6 Sep 2024
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.
606
746
1,974
325,874
PSDLAF retweeted
2 Aug 2024
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)
150
650
1,334
1,087,445
PSDLAF retweeted
27 Jun 2024
Revision for U.S. GDP brought growth up to 1.4% (q/q ann.) in 1Q2024; prior read was 1.3%
7
27
134
20,842
PSDLAF retweeted
12 Jun 2024
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
13
69
201
50,275
PSDLAF retweeted
25 Apr 2024
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%
15
68
175
48,610
PSDLAF retweeted
5 Apr 2024
*FED SWAPS SHIFT FULL PRICING OF RATE CUT TO SEPTEMBER FROM JULY
#jobs
5
20
82
20,918
PSDLAF retweeted
5 Apr 2024
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)
529
766
1,849
624,709
PSDLAF retweeted
28 Mar 2024
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)
27
185
431
36,564
PSDLAF retweeted
20 Mar 2024
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)
6
55
206
30,586
Another great conference! Thank you @pasbo_org for all that you do! linkedin.com/posts/pma-finan…
5
38
PSDLAF retweeted
8 Mar 2024
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
17
29
75
7,744
