Just before the Christmas holiday consumer prices, as reported by the Federal Reserve's favorite measure Core PCE, came in deflationary for the first time since April 2020. That’s right…prices actually dropped in November (ex-food and energy). 1
On a year-over-year… More >>
In a consequential week of economic reports, the Federal Reserve signaled an end to the rate hike cycle we’ve been in for over a year.
While Fed Chair Powell didn’t explicitly say rate cuts were guaranteed, the nuance was pretty clear.
According to the those that… More >>
The Federal Reserve is going to be meeting this week and will likely confirm their pause in raising rates. So far, the Fed has orchestrated a perfect economic soft landing, if you want to give them credit for that.
The latest consumer price report (PCE) solidified the… More >>
The macro noise is deafening.
So how is it possible we just finished one of the best months equity markets have seen in a long time? The S&P 500 was up almost 9% in November and a balanced portfolio of stocks and bonds had their best month in 30 years, up 7.3%. 1… More >>