iShares Trust iShares iBonds Oct 2027 Term TIPS ETF (ARCA: IBID)

Latest news for iShares Trust iShares iBonds Oct 2027 Term TIPS ETF (ARCA:IBID)

The Fund seeks to track the investment results of the ICE 2027 Maturity US Inflation-Linked Treasury Index (the Underlying Index), which consists of inflation-protected public obligations of the U.S. Treasury, commonly known as TIPS, that are scheduled to mature between January 1, 2027 and October 15, 2027, inclusive. The Fund is a term fund that will terminate on or about October 15, 2027, at which time it will distribute its remaining net assets to shareholders pursuant to a plan of liquidation. The Fund does not seek to return any predetermined amount at maturity or in periodic distributions.

Blackrock Cash Funds: Treasury, Sl Agency Shares

iShares iBonds Oct 2027 Term TIPS ETF

iShares Trust iShares iBonds Oct 2027 Term TIPS ETF

Ibiden Co Ltd

IBIDEN CO LTD UNSP/ADR by Ibiden Co. Ltd.

Nobel Prize-winning economist Paul Krugman has raised concerns about potential pre-recessionary signals. He pointed to the Sahm Rule and its <a href="https://www.benzinga.com/economics/24/07/40046690/if-unemployment-rises-to-4-2-in-july-it-would-trigger-this-key-recessionary-indicator">implications for the U.S. economy</a>.
What Happened: Krugman discussed the possibility of a recession and the role of the Sahm Rule in predicting and managing economic downturns, in his opinion <a href="https://www.nytimes.com/2024/07/30/opinion/sahm-rule-unemployment-recession.html">piece</a> published in The New York Times on Wednesday.
The Sahm Rule, named after economist Claudia Sahm, is a key indicator used to predict the onset of a recession. It suggests that a recession may be underway if the average unemployment rate over the past three months has risen by 0.5 percentage points from its most recent low. 
&#8220;The Sahm rule is currently sending the right cautionary message about the labor market cooling, but the volume is too loud,&#8221; Krugman highlights the way Sahm presents its economic theory. 
This rule is designed to provide a timely signal for the federal government to take action to mitigate the recession&#8217;s impact.
&#8220;So are we entering a recession? A number of observers, including&nbsp;Sahm herself, have suggested that this time may be a bit different,&#8221; Krugman wrote. 
Krugman pointed out that the unemployment rate has been gradually increasing, potentially triggering the Sahm Rule. However, he noted that this may not necessarily indicate an impending recession. 
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39938672/us-stocks-tumble-magnificent-7-wipe-out-570-billion-as-mega-tech-earnings-disappoint-vix-s?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">US Stocks Tumble, Magnificent 7 Wipe Out $570 Billion As Mega-Tech Earnings Disappoint, VIX Spikes: What&#8217;s Driving Markets?</a>
Factors such as a surge in new entrants to the labor force, including immigrants and remote workers, could be contributing to the rise in unemployment, creating a statistical illusion of a weakening economy.
&#8220;We may not be in a recession yet, but the job market is looking a bit, shall we say, pre-recessionary. To be fair, other indicators are looking stronger,&#8221; Krugman wrote. 
Despite this, Krugman emphasized the need for caution, especially for the Federal Reserve. He suggested that the current state of the job market, while not indicative of a recession, warrants a strong case for cutting interest rates.
Why It Matters: Krugman&#8217;s concerns come on the heels of his recent call for the Federal Reserve to <a href="https://www.benzinga.com/news/24/07/40027070/paul-krugman-says-cut-rates-now-now-now-as-new-york-feds-inflation-measure-hits-2-06-the-eagle-has-s">cut interest rates immediately</a>. On Tuesday, Krugman urged the Fed to implement rate cuts, citing the New York Fed's inflation measure hitting 2.06% as a key factor. 
He emphasized the need for immediate action, stating, "The eagle has soft landed. The New York Fed&#8217;s measure of underlying inflation is now just 2.06 percent. The Fed should cut rates now now now." 
The upcoming Federal Open Market Committee meeting on Jul, 30-31 will be crucial. It will mark the <a href="https://www.benzinga.com/economics/macro-economic-events/24/07/40042583/will-powell-hint-at-september-rate-cut-what-major-us-investment-banks-expect-from">eighth consecutive session</a> where the federal funds rate is held steady at 5.25%-5.5%. 
As inflation eased in the second quarter and unemployment saw a slight uptick, the key question is whether policymakers, particularly Fed Chair Jerome Powell, will prepare investors for a potential rate cut in September.
The Sahm Rule has been gaining attention on Wall Street. Economist Claudia Sahm has expressed concern about the Fed's <a href="https://www.benzinga.com/news/24/06/39393497/jerome-powell-playing-with-fire-says-recession-rule-creator-claudia-sahm-about-feds-inaction-on-inte">reluctance to cut interest rates</a>, warning that it could push the economy into a recession. Sahm believes that the Fed's inaction poses a significant risk, given the increasing unemployment rate.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/40005686/argentine-president-javier-milei-reaffirms-commitment-to-abolish-export-taxes-in-address-to-farmers?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Argentine President Javier Milei Reaffirms Commitment To Abolish Export Taxes In Address To Farmers, But Frustration Grows Over Slow Reform Pace Amid Economic Challenges</a></li>
</ul>
Image Via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

News

Global

Economics

Federal Reserve

Paul Krugman Warns Of Pre-Recession Signals, Says 'Sahm Rule Is Currently Sending The Right Cautionary Message'

Mizuho analyst Dan Dolev upgrades Upstart Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>) from Underperform to Outperform and raises the price target from $17 to $31.

Upgrades

Price Target

Analyst Ratings

UPST

Mizuho Upgrades Upstart Hldgs to Outperform, Raises Price Target to $31

Guidance

Trane Technologies Raises FY24 Organic Revenue Growth Outlook To 10%; Adj EPS Outlook To $10.80 Vs. $10.54 Est.

When excluding the impact of the ACS segment wind down, the Company now expects revenue for full-year 2024 to grow between&nbsp;9%&nbsp;and&nbsp;10%&nbsp;on a constant-currency basis. Foreign currency is expected to be a&nbsp;1%&nbsp;headwind based on current exchange rates.

LIVN

LivaNova Now Expects FY24 Revenue To Grow 7% - 8% (Prior 6% - 7%) On Constant-Currency Basis; Raises Adjusted EPS Forecast From $3.05 - $3.15 To $3.10 - $3.20, Est $3.10

WIIM

GRPN

Groupon shares are trading lower following a Q2 EPS miss.

Comstock Resources shares are trading lower following worse-than-expected Q2 financial results.

Guidance
The Company&#39;s full-year 2024&nbsp;guidance&nbsp;as of July 31, 2024 is shown below:
<table align="center">
<tbody>
<tr>
<td>Initial 2024&nbsp;Guidance</td>
<td>Latest Estimate(1)</td>
</tr>
<tr>
<td>Product Revenues</td>
<td>$1.5B&nbsp;&ndash;&nbsp;$1.6B</td>
<td>Low end of range</td>
</tr>
<tr>
<td>Adjusted EBITDA Margin Rate</td>
<td>12.5%&nbsp;&ndash;&nbsp;13.5%</td>
<td>Above mid-point of range</td>
</tr>
<tr>
<td>Full-year Adjusted Effective Tax Rate</td>
<td>26%&nbsp;&ndash;&nbsp;29%</td>
<td>No change</td>
</tr>
<tr>
<td>Capital Expenditures</td>
<td>$65M&nbsp;&ndash;&nbsp;$75M</td>
<td>No change</td>
</tr>
<tr>
		</tr>
<tr>
<td colspan="4">(1) Based on the current forecast of customer orders, and light vehicle production in the Company&#39;s key markets declining at a low single digit rate in 2024 versus 2023, and a EUR to USD exchange rate of&nbsp;$1.08/Euro for the remainder of the year.</td>
</tr>
</tbody>
</table>

Earnings

THRM

Gentherm 2024 Outlook: Sees Revenue Of $1.5b-$1.6b Vs. $1.527b Est.; And Adjusted EBITDA Margin Of 12.5%-13.5%

SWKS

Skyworks shares are trading lower following mixed Q3 earnings and soft Q4 guidance.

MTCH

Match Group shares are trading higher after the company reported better-than-expected Q2 revenue results and issued strong Q3 revenue guidance.

Public Service Enterprise Group shares are trading higher after the company reported better-than-expected Q2 sales results.

Live Nation Entertainment shares are trading lower following mixed Q2 earnings.

O-I Glass shares are trading lower after the company lowered its FY24 guidance.

AMD shares are trading higher following better-than-expected Q2 earnings.

SBUX

Starbucks shares are trading higher. The company reported mixed Q3 financial results.

PINS

Pinterest shares are trading lower after the company issued Q3 revenue guidance below estimates.

MSFT

Microsoft shares are trading lower following Q4 earnings.

Guggenheim analyst Kelsey Goodwin downgrades Macrogenics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGNX#NASDAQ">MGNX</a>) from Buy to Neutral.

Downgrades

MGNX

Guggenheim Downgrades Macrogenics to Neutral

Trane Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TT#NYSE">TT</a>) reported quarterly earnings of $3.30 per share which beat the analyst consensus estimate of $3.08 by 7.14 percent. This is a 23.13 percent increase over earnings of $2.68 per share from the same period last year. The company reported quarterly sales of $5.31 billion which beat the analyst consensus estimate of $5.13 billion by 3.45 percent. This is a 12.79 percent increase over sales of $4.71 billion the same period last year.

Earnings Beats

Trane Technologies Q2 Adj $3.30 Beats $3.08 Estimate, Sales $5.31B Beat $5.13B Estimate

Health Care

Buybacks

General

XRAY

Dentsply Sirona Expects To Repurchase $100M Of Its Common Stock In Q3 2024

https://www.reuters.com/business/finance/citi-breached-rule-meant-keep-banks-safe-made-liquidity-reporting-errors-2024-07-31/#:~:text=NEW%20YORK%2C%20July%2031%20(Reuters,infractions%20for%20the%20first%20time
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Legal

Reuters Reported Citigroup Breached Federal Reserve Rule Limiting Intercompany Transactions; Led To Errors In Its Internal Liquidity Reporting,

iShares® iBonds® Oct 2027 Term TIPS ETF declares quarterly distribution of $0.4984

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iShares Trust iShares iBonds Oct 2027 Term TIPS ETF

News

Latest news for iShares Trust iShares iBonds Oct 2027 Term TIPS ETF (ARCA:IBID)