Raymond James Sees Recruiting Cool; Ameriprise Adds 91 Advisors

Published on January 31, 2025

In earnings calls, both Raymond James and Ameriprise cited strong recruiting pipelines as they beat analysts’ income estimates.

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PCE Inflation Rises 2.6% in December as Expected

January 31, 2025
The BEA's Personal Income and Outlays report showed inflation remained elevated at the end of 2024. The Fed’s preferred inflation gauge, the PCE price index, rose 2.6% year-over-year in December and 0.3% from November, aligning with expectations.

Chicago PMI Contracts for 14th Straight Month

January 31, 2025
The Chicago Purchasing Managers’ Index (Chicago Business Barometer) edged up in January but remains historically low. The index rose to 39.5 from 36.9 in December, marking its first increase in four months. However, it fell short of the 40.3 forecast and remained in contraction territory for the 14th consecutive month.