Sentiment is mixed. The S&P 500 eked out small gains after a volatile session. The FOMC minutes, released yesterday, came as a confirmation that the Federal Reserve (Fed) remains fully committed to bringing inflation down, even if it means slower growth. But, the recession talk, lower energy prices, and the softening Fed hawks despite yesterday’s […]
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Consumers have long had an interesting relationship with alcohol. And with the U.S. Surgeon General recently sounding alarms about alcohol’s long-term health risks, we could see a decline in alcohol sales as consumers opt to Read more…
ECB is widely expected to continue its “regular, gradual” easing cycle today, reducing the deposit rate by 25bps to 2.50%. Markets are still pricing in two more cuts this year, but the path forward has Read more…
Fed’s Beige Book report indicated that “economic activity rose slightly” since mid-January, with mixed regional performances. While four Districts saw modest or moderate growth, six reported no change, and two experienced slight contractions. Consumer spending Read more…