Summary United States: Consumers Still Carry the Torch, but the Glow Is Fading As Powell heads into one of his four remaining meetings as Fed Chair, strength in services and lingering consumer resilience contrast with manufacturing weakness, reinforcing expectations for a December rate cut. Next week: JOLTS (Tue.), ECI (Wed.), FOMC Meeting (Wed.) International: Global […]
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Stagflation risks have risen since the FOMC last met in January. Higher inflation and a weaker labor market is the FOMC’s worst nightmare as it puts the dual mandate in tension. How will Chair Powell Read more…
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Between our FAQ with the team and our note on what it would take to have a serious conversation about recession, we have tossed a lot at you over the last week related to the Read more…