Challenging Assumptions Regardless, at some point in 2024 the Fed is likely to start cutting rates. The issue is, it’s not the hikes that usually getcha, it’s the cuts. Even if we leave the recession debate aside and only focus on markets, this chart shows the frequency of market bottoms that happen around or after…Read more
Higher Inflation Consumer price inflation unexpectedly accelerated in December, rising 0.3% on the month, and 3.4% year-over-year, the Bureau of Labor Statistics reported Thursday. Is this throwing a wrench into market hopes for swift interest rate cuts by the Federal Reserve this year? Core inflation, which strips out food and energy prices, also rose 0.3%….Read more
Sticking the Landing Inflation has been perhaps the hottest topic for the market for quite some time now. But there are other economic data points that are important to keep an eye on, and this week is no exception. Key data set to be released this week will revolve around growth dynamics (including retail sales,…Read more
