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
Weekly Review & Outlook: April 22, 2024
A full week of bank earnings delivered consistent beats to EPS expectations. Economic data lifted the Atlanta Fed GDPNow projection of 1Q24 annualized GDP growth to 2.9% ahead of this
Weekly Review & Outlook: April 15, 2024
Inflation stays hot in March pushing out monetary easing expectations. Very small sample set bank earnings are highlighted by earnings per share (EPS) beats relative to expectations. BLS released the