KEY TAKEAWAYS The Fed cut interest rates for the first time in 10 years. Economic data still doesn’t warrant a cut, but U.S. businesses need a confidence boost. This rate cut will likely not be a one-and-done event. Click here to download a PDF of this report. The...
KEY TAKEAWAYS The Fed is expected to cut rates this week for the first time in 10 years. We view any upcoming cut as a policy adjustment, not a response to significant economic weakness. A rate cut could help boost consumption and sentiment and lead to even looser...
KEY TAKEAWAYS Consumer activity rebounded strongly in the second quarter. Still, GDP likely expanded at the slowest pace in three years as other sectors dragged on growth. We’re encouraged by the strength in consumer spending, but economic growth needs to be broader....
KEY TAKEAWAYS Recent Fed commentary reinforces the chance of a July rate cut. Trade tensions and political pressures are forcing global central banks to loosen monetary policy Easing policy may provide a short-term boost, but the global economy needs trade resolution....
KEY TAKEAWAYS The June jobs report was unexpectedly strong, especially after a disappointing May Labor market strength could buoy otherwise moderate economic prospects. However, the resilient job market could complicate the Fed’s policy debate. Click here to download...
KEY TAKEAWAYS Fundamentals continue to support steady but moderate economic growth. Even if growth slows, the U.S. job market continues to be a bright spot. Productivity growth is the key to sustaining a virtuous cycle. Progress on trade is central to our growth...
