First American Bank Business

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Thank you to all our valued clients who joined us at our recent holiday gathering. Your presence made the event truly special. We're grateful for your continued trust and partnership. Wishing you a joyful #holidayseason and a #prosperous year ahead! #FirstAmBank #MemberFDIC

#MarketRadar ⬇️ November was the strongest month of 2023 to date for the major U.S. stock indexes. Big gains offset much of the declines seen in the previous three months as the #NASDAQ added 10.7%, the S&P 500 rose 8.9%, and the #Dow gained 8.8%. #FirstAmBank #MemberFDIC

#MarketRadar ⬇️ In October, the #economy generated 150,000 new jobs—about half as many as in September and down from an average of 258,000 over the last 12 months. #marketupdates #FirstAmBank #MemberFDIC

#MarketRadar ⬇️ The @federalreserve's preferred gauge for tracking #inflation showed consumer prices continued to rise at a slower pace in October. #marketupdates #FirstAmBank #MemberFDIC

#MarketRadar ⬇️ Last week, prices of U.S. government #bonds surged, sending yields lower, as investors appeared to focus on the prospect of potential interest-rate cuts in coming months rather than any further rate hikes. #marketupdates #FirstAmBank #MemberFDIC

#MarketRadar ⬇️ A forecast from the @NRFnews projects that #holiday spending during November and December is likely to rise 3.0% to 4.0% from last year. If that projection holds, it will lag last year’s holiday sales growth of 5.4%. #marketupdates #FirstAmBank #MemberFDIC

#MarketRadar ⬇️ Last week’s release of minutes from the most recent U.S. @federalreserve policy meeting showed Fed officials gave no indications they were inclined to begin cutting #interestrates anytime soon. #marketupdates #FirstAmBank #MemberFDIC

#MarketRadar ⬇️ With a little over a month left in 2023, U.S. growth stocks maintained a big performance gap over their value-style counterparts—a sharp reversal from 2022, when value outpaced growth. #marketupdates #stockmarket #FirstAmBank #MemberFDIC

#MarketRadar ⬇️ Last week, U.S. stock indexes climbed for the fourth week in a row as the S&P 500, the #NASDAQ, and the #Dow posted gains of around 1% in a holiday-shortened trading week. #marketupdates #stockmarket #FirstAmBank #MemberFDIC

#MarketRadar ⬇️ #China reported monthly growth in two #economic indicators, helping to offset negative sentiment regarding the nation’s slower-than-expected recovery since removing all pandemic-related restrictions. #marketupdates #FirstAmBank #MemberFDIC

Gathering around the table with colleagues for a heartfelt Thanksgiving feast! We're #grateful for this incredible team. We wish you a happy Thanksgiving holiday with your family and friends. #Thanksgiving #EmployeeLunch #Holiday #FirstAmBank #MemberFDIC

#MarketRadar ⬇️ U.S. consumer spending slowed ahead of the #holiday shopping season as U.S. retail sales slipped 0.1% in October compared with September. The result marked the first #retail sales decline in seven months. #marketupdates #FirstAmBank #MemberFDIC

#MarketRadar ⬇️ U.S. #inflation continued to moderate in October, as core inflation (excluding volatile food and energy) rose at the slowest annual pace since September 2021. #marketupdates #FirstAmBank #MemberFDIC

#MarketRadar ⬇️ U.S. stock indexes climbed for the third week in a row as the S&P 500, the NASDAQ, and the Dow posted returns of more than 2%. #marketupdates #stockmarket #FirstAmBank #MemberFDIC

#MarketRadar ⬇️ The U.S. consumer sentiment survey declined for the fourth month in a row amid concerns about high interest rates and escalating conflict in the Middle East. #MarketRecap #MarketUpdates #FirstAmBank #MemberFDIC

#MarketRadar ⬇️ Last week, oil prices fell for the third week in a row to the lowest level since mid-July as mixed data on the global #economy raised concerns about demand for #oil. #MarketRecap #MarketUpdates #FirstAmBank #MemberFDIC

#MarketRadar ⬇️ Shifts in the interest-rate outlook continued to drive fixed-income markets last week and U.S. government bond prices reversed course after a rally the previous week. #Inflation #MarketRecap #MarketUpdates #FirstAmBank #MemberFDIC