The need for another quarter-point Federal Reserve interest rate cut at the end of October continues to increase. In fact, more cuts will likely be needed in the months ahead to stem the tide of slower U.S. and global economic growth.Read More ›
We think it’s about to get harder for consumers in the quarters ahead. For now, they actually still feel pretty good about their current job and financial situation.
Consumer sentiment just hit a three month high in October, according to the University of Michigan Survey. Indeed, U.S. households still have a lot going for them. The U.S. unemployment rate just hit a 50-year low.Read More ›
There are signs of a cooling labor market in September’s jobs numbers. However, no signs yet of the panic and capitulation typical at the onset of a recession.Read More ›
The formal impeachment inquiry that has begun in the House of Representatives will likely add to daily market volatility in both the equity and the bond markets.Read More ›