Gananoque Secondary School looking for help with athletic banquet

Each June, Gananoque Secondary School hosts its athletic banquet to celebrate the achievements, development and appreciation of everyone who dedicates their time to the school’s athletic program. The school would like to keep this tradition alive and, in order to do so, it is looking for some help. “With rising costs of food and linens, […]

Why Markets Cancelled Powell’s Rate-Cut Pivot

The market abruptly reset its expectations for the Federal Reserve cutting interest rates. At first, it moved the goalpost to a March cut of 25 bps. After March’s 2024 inflation report, stock markets re-adjusted valuations for Nasdaq (QQQ), S&P 500 (SPY), and the small-cap sector (IWM). What happened?On April 11, 2024, U.S. producer prices rose, albeit less than economists expected. The Labor Department posted prices rising by 2.1% Y/Y, an increase not seen since April 2023. Investors quickly sold Treasury bills. Downward pressure on the 10-year (IEF) and 20+ year (TLT) will increase their…