8 minute read
Does today’s soft jobs report successfully change the Fed's narrative?
4 minute read
The Fed's game plan hasn't changed, but defeating inflation will take longer than it expected.
7 minute read
Magnificent Seven continue to outperform.
6 minute read
Strong wage growth keeps Fed cuts off the bases.
Labor market and consumer spending firm, while inflation rises.
3 minute read
Three things to watch in 2024.
2 minute read
The Fed now projects rate cuts in 2024, just not as many as the markets have.
The markets have swung too far by forecasting multiple Fed rate cuts in 2024.
Back-to-School sales were soft, but consumers are spending elsewhere.