Fixed Income Perspectives: We Said to Expect Volatility

Published on September 3, 2024

Whatever the exact cause of recent volatility, the more significant point is that it was an opportunity to add credit risk amid a positive outlook for underlying fundamentals.

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US Department of Labor recovers $450K in wages, benefits for 250 workers of Honolulu air cargo carrier that disregarded federal regulations

September 3, 2024
HONOLULU – The U.S. Department of Labor has recovered more than $450,000 from a Honolulu air cargo carrier that shortchanged 250 employees of their full pay and benefits while fulfilling a $113 million U.S. Postal Service contract to move mail between airports in Hawaii.The recovery follows an investigation by the department’s Wage and Hour Division of Rhoades Aviation Inc., operating as TransAir,

RecessionAlert Weekly Leading Economic Index

September 3, 2024
The weekly leading economic index (WLEI) is a composite for the U.S economy that draws from over 20 time-series and groups them into the following six broad categories which are then used to construct an equally weighted average. As of August 23rd, the index was at 24.827, down 1.545 from the previous week, with 4 of the 6 components in expansion territory.