The Weekly Brief
-
Hawkish Fed Loop
As inflation falls, markets may turn bullish, which could result in a slower descent to the Fed’s 2% target.
-
Wage Inflation Slowing
As wage inflation starts to moderate, the Fed may be in a position to be less hawkish in the months ahead. Learn more in the Weekly Brief.
-
A New Narrative
The story in markets is evolving as we wrap up 2022 and head into the new year.
-
-
Hiring continues
The US economy is still holding strong—particularly on the labor front—so we expect the Fed to remain hawkish.
-
Broadway is Back
US consumers are flocking to experiences and services thanks, in part, to strong wage growth and high levels of savings.
-
Descending the Mountain
History tells us that there’s a risk of a second inflation mountain ahead if the Fed turns dovish too quickly.
-
Rising Labor Costs
If both wage inflation and overall inflation are high, what does that mean for profit margins?
-
Consumer Resilience
The overall economy is still relatively strong with consumer services in particular showing robust growth.