The stage is set for the main event of the month — the Federal Reserve’s monetary policy meeting. The market has already fully priced in a 25-basis-point (0.25%) cut to the Fed’s benchmark interest rate. However, a small but notable segment of the market is holding out for a more aggressive 50 basis points, which…Read more
Snowballing Job Weakness You hear it in financial media a lot: The stock market is not the economy. The market doesn’t always move in tandem with economic news. It can rise even when labor data comes in weak, or fall if it looks like the economy is humming on all cylinders. But it’s not not…Read more
The final and perhaps most crucial pieces of the interest rate puzzle fall into place this week. A full slate of inflation data is scheduled for release, and the results are expected to be key to the Federal Reserve’s interest rate decision next week. The Producer Price Index (PPI) comes on Wednesday, followed by the…Read more
