Inflation cooled in May as the Fed left monetary policy little changed. Treasuries and the broader market rallied with the S&P 500 making a new all-time high. Bank stocks fell
Weekly Review & Outlook: June 10, 2024
Divergent surveys were released for both economic activity and labor markets. Is the manufacturing sector expanding or contracting? The answer depends on which PMI survey is accurate. The same is
Weekly Review & Outlook: June 3, 2024
Economic growth estimates for 1Q were lowered and further April inflation data was released. Stocks rebounded to finish May higher after the April pullback. The April Personal Income and Outlays
Weekly Review & Outlook: May 20, 2024
Inflation data in April remained elevated with producer prices surprisingly hot. Other consumer measures such as confidence and retail sales show weakening. Leading economic indicators fell while bank stocks gained
Weekly Review & Outlook: May 6, 2024
The Fed made no change to the restrictive policy rate but did announce tapering in the pace of balance sheet runoff starting in June. The jobs report and April PMI
Weekly Review & Outlook: April 29, 2024
Another March consumer inflation reading was released, this time without major surprise. Economic activity in 1Q was weaker than projected while April PMI readings decelerated sharply. Wednesday’s Federal Open Market