“People are going to the store, and they’re paying much more for the basics of life than they were two years ago, three years ago. And they’re not happy about
Weekly Review & Outlook: January 29, 2024
Bank results trends for 4Q23 generally maintained those seen in the early reports. PMI readings for January showed economic acceleration to begin the year while 4Q23 growth topped expectations. The
Weekly Review & Outlook: January 22, 2024
With more than 30 larger banks having reported 4Q23 results, the general trend is a soft beat to net income expectations with cautious optimism for the 2024 outlook. No substantial
Weekly Review & Outlook: January 16, 2024
Core inflation remains elevated creating greater uncertainty to monetary policy path. The 2024 bank outlook is downstream to these uncertainties. December consumer inflation data (January 11) found headline and core
Weekly Review & Outlook: January 8, 2024
Macro economic updates show evidence of a slowly expanding economy driven by Services sector expansion. The focus will turn banking sector and company specific this week as 4Q23 reporting begins
Weekly Review & Outlook: January 2, 2024
“Soft landing process will likely be bumpy.†– Patrick Harker, Philadelphia Fed President Equivocations and euphemisms create the equivalent of Rorschach inkblots that allow each listener or reader their unique