Cuts Around the Corner The US economy grew at 2.8% annualized rate in the second quarter, in a sign of continued consumer resilience as the Federal Reserve considers cutting interest rates in the coming months. Despite the strong GDP performance, jobs figures from this month…READ MORE
As we reflect on the second quarter and look to the back half of the year, we continue to monitor the unexpected stamina of the US economy despite the central bank’s extended campaign of monetary tightening. Largely, Q2 has been a continuation of market return…READ MORE
Recent Data Reaffirms Pause The European Central Bank has sent a clear signal that it will cut interest rates from their historic highs next week, as its chief economist brushed off fears that doing so before the US Federal Reserve could backfire. Philip Lane told…READ MORE
Recent Data Reaffirms Pause The latest snapshot of the U.S. economy rattled stock and bond markets with two bits of potentially disappointing data: slower economic growth and still-firm inflation. Gross domestic product expanded at a 1.6% seasonally and inflation adjusted annual rate in the first…READ MORE
First Quarter Wrap Up Many investors had high hopes going into 2024. The market’s robust first-quarter rally still managed to surprise them. Everything from stocks to bitcoin to gold marched to new records. With one trading session to go, the S&P 500 is up 10% in…READ MORE
