October 2023 Market Lookback The recent streak of strong overall US economic data was validated by the Q3 GDP release on October 26, which marked a significant acceleration from the prior quarterly pace of growth. Treasury yields reflected this, with longer-term yields in particular moving up in anticipation of the news. The S&P 500 declined…Read more
Gusts of Growth The global economy is currently basking in an unexpected glow, defying gloomy predictions of a downturn on the coattails of higher interest rates. This unexpected resilience has sparked a wave of cautious optimism among investors and policymakers about what may lie ahead. The Fragile Foundation America’s economy kept roaring ahead in the…Read more
Giving Thanks American consumers have gotten all too used to stories about the rising cost of food, as persistent inflation pushed up prices across the board. But this is not one of those stories. Thanksgiving is around the corner, and there’s one aspect of the holiday to be especially thankful for: Turkeys look to be…Read more
