Northern Lights Fund Trust IV files with the SEC-Sterling Capital Focus Equity ETF and Sterling Capital Diverse Multi-Manager Active ETF
July 28, 2022--Northern Lights Fund Trust IV has filed a a post-effective amendment, registration statement with the SEC for the
Sterling Capital Diverse Multi-Manager Active ETF
Sterling Capital Focus Equity ETF.
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ETF Series Solutions files with the SEC-Aptus Enhanced Yield ETF
July 28, 2022--ETF Series Solutions has filed a a post-effective amendment, registration statement with the SEC for the Aptus Enhanced Yield ETF.
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Tidal ETF Trust II files with the SEC- Gateway Senior Secured Credit Opportunities ETF
July 28, 2022--Tidal ETF Trust II has filed a post-effective amendment, registration statement with the SEC for the Gateway Senior Secured Credit Opportunities ETF.
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Investment Managers Series Trust II files with the SEC- AXS Astoria Inflation Sensitive ETF
July 28, 2022--Investment Managers Series Trust II has filed a a post-effective amendment, registration statement with the SEC for the AXS Astoria Inflation Sensitive ETF.
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GraniteShares ETF Trust files with the SEC
July 28, 2022--GraniteShares ETF Trust has filed a a post-effective amendment, registration statement with the SEC.
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Trust for Advised Portfolios files with the SEC-CornerCap Fundametrics Large-Cap ETF
July 28, 2022--Trust for Advised Portfolios has filed a a post-effective amendment, registration statement with the SEC for the CornerCap Fundametrics Large-Cap ETF.
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Unified Series Trust files with the SEC-Absolute Select Value ETF
July 28, 2022--Unified Series Trust has filed a a post-effective amendment, registration statement with the SEC for the Absolute Select Value ETF.
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Trust for Advised Portfolios files with the SEC-CornerCap Fundametrics Large-Cap ETF
July 28, 2022-Trust for Advised Portfolios has filed a Form 497K-Summary Prospectus with the SEC for the CornerCap Fundametrics Large-Cap ETF.
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US economy shrinks for a 2nd quarter, raising recession fear
July 28, 2022-- The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession.
The decline that the Commerce Department reported Thursday in the gross domestic product- the broadest gauge of the economy- followed a 1.6% annual drop from January through March.
Consecutive quarters of falling GDP constitute one informal, though not definitive, indicator of a recession.
The GDP report for last quarter pointed to weakness across the economy. Consumer spending slowed as Americans bought fewer goods. Business investment fell. Inventories tumbled as businesses slowed their restocking of shelves, shaving 2 percentage points from GDP.
Fed jacks rates again, Powell vows no surrender in inflation battle
July 27, 2022--Fed raises policy rate to 2.25%-2.50% range
U.S. central bank flags weakening economic data
Fed's Powell says failure to tame inflation not an option
The Federal Reserve said on Wednesday it would not flinch in its battle against the most intense breakout of inflation in the United States since the 1980s even if that means a "sustained period" of economic weakness and a slowing jobs market.
ETF Series Solutions files with the SEC-AlphaMark Actively Managed Small Cap ETF
July 27, 2022--ETF Series Solutions has filed a post-effective amendment, registration statement with the SEC for the AlphaMark Actively Managed Small Cap ETF.
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CBO-The Demographic Outlook: 2022 to 2052
July 27, 2022--In CBO's projections, the size of the U.S. population increases from 335 million people in 2022 to 369 million people in 2052. Population growth is increasingly driven by net immigration, which accounts for all population growth in 2043 and beyond.
Summary:
The size of the U.S. population and its age and sex composition affect federal spending, revenues, deficits, debt, and the economy. In this report, the Congressional Budget Office describes its population projections that underlie the baseline budget projections and economic forecast that CBO published in May 2022 and the long-term budget projections that the agency published in July 2022.
Population
In CBO's projections, the population increases from 335 million people in 2022 to 369 million people in 2052, expanding by 0.3 percent per year, on average.
CBO-The 2022 Long-Term Budget Outlook
July 27, 2022--The U.S. faces a challenging fiscal outlook according to CBO's extended baseline projections, which show budget deficits and federal debt held by the public growing steadily in relation to gross domestic product over the next three decades.
Deficits
At 3.9 percent of gross domestic product (GDP), the projected deficit in 2022 is much smaller than those recorded in 2020 and 2021, because federal spending in response to the coronavirus pandemic has waned and revenues have risen sharply. Nevertheless, in CBO's projections, federal deficits over the 2022-2052 period average 7.3 percent of GDP (more than double the average over the past half-century) and generally grow each year, reaching 11.1 percent of GDP in 2052. That projected growth in total deficits is largely driven by increases in interest costs: Net interest outlays more than quadruple over the period, rising to 7.2 percent of GDP in 2052.
Columbia ETF Trust II files with the SEC-3 Columbia ETFs
July 27, 2022--ETF Series Solutions has filed a post-effective amendment, registration statement with the SEC for the
Columbia Emerging Markets Consumer ETF
Columbia India Consumer ETF
Columbia EM Core ex-China ETF.
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Shifting Global Winds Pose Challenges to Latin America
July 27, 2022--The region continued its strong recovery in early 2022, but decelerating economic activity and persistent inflation will test its resilience.
The economies of Latin America and the Caribbean have continued their strong post-pandemic rebound, but the winds are shifting as global financial conditions are tightening and commodity prices are reversing their upward trend, while inflationary pressures persist.
The reopening of contact-intensive sectors, especially hospitality and travel, the unwinding of pandemic pent-up demand, and still favorable external financial conditions supported a solid expansion in the first half of the year, allowing services to catch up with manufacturing, and employment to reach pre-pandemic levels. Year-on-year growth reached 2.8 percent in the first quarter, compared to an average of 1.7 percent in the years preceding the pandemic, and high-frequency indicators point to continued momentum in the second quarter.