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.
4 minute read
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.
But overall labor-market picture is mixed.
School spending slows while inflation rises.
8 minute read
Data point in different directions.
5 minute read
Powell uses Jackson Hole keynote to reiterate Fed’s vigilance to lower inflation.
Fed may remain vigilant.
Higher-for-longer rates can be beneficial for dividend strategies.
The markets have finally listened to hawkish Fed speak.
Dichotomy between nominal and core inflation declines keeps Fed engaged.
That could determine if above- or below-average historical returns are likely.
Barring the emergence of more bullish data, we expect the Fed to pause rate hikes this year.
The Fed raised rates again, but hinted it soon might be time to take a breather.
With volatile markets ahead, stocks enter a period of limbo.
The Federal Reserve’s dual function as regulator and policy-setter has been on display.