In July, the annual rate of inflation rose by just 2.9%, according to the Bureau of Labor Statistics’ Consumer Price Index (CPI). That’s a big win for the U.S. economy, marking the first time that the rate has dipped below 3% since 2021. In the wake of the pandemic, inflation surged, peaking at more than…Read more
Demoted Inflation data has been demoted to second-most important economic data, having been recently surpassed by jobs data. We can not only hear this in the commentary around markets, but also in the market reactions of late. The one-day reactions in the S&P 500 have become more muted for inflation releases and more pronounced for…Read more
Lower Guidance As the world’s largest home improvement supplier, Home Depot (HD) has real insight into how Americans are feeling about spending money. That’s why economists were concerned when the company lowered its sales guidance for the rest of the year. During the company’s latest earnings call, executives noted that while the company’s long-term fundamentals…Read more
