A batch of inflation data this week did not provide justification for the Federal Reserve to adopt a more hawkish position on interest rates at its September meeting, analysts suggest. In a note to clients, the analysts highlighted that underlying U.S. consumer price growth is trending down and oil prices are likely to moderate from Read More
The balance of risks in Federal Reserve interest rate policy seems to be shifting towards an emphasis on “firmer inflation rather than weaker hiring,” as noted by analysts. In a note on Friday, the strategists including Michael Gapen and Sam Coffin indicated that any sustained disinflation in the future hinges on the resolution of the Read More
Characterizing the U.S. economy in simplistic dichotomies such as “good” or “bad” proves to be a complex endeavor. On multiple dimensions, the data indicates that the economy is robust. However, surveys indicate that American consumers do not share that sentiment. “There’s no doubt right now that different data can show slightly different narratives,” states Heather Read More
Dow Futures are trending downward, indicating a subdued investor evaluation of the newly proposed “framework” for the U.S.-China trade agreement. U.S. Commerce Secretary Howard Lutnick asserts that the agreement has addressed American apprehensions regarding Chinese oversight of the exportation of essential rare earth metals, despite the announcement being viewed as lacking in specifics. The attention Read More
