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Growth Holds Up as the Labor Market Cools

Growth Holds Up as the Labor Market Cools

The U.S. economy continues to expand, but recent data is showing a more complicated picture for investors. GDP growth remains solid, and consumers are still spending, while inflation has eased somewhat. At the same time, today’s jobs report showed a sharper slowdown...
Inflation Keeps the Fed on Edge

Inflation Keeps the Fed on Edge

The Federal Reserve heads into next week’s meeting with a problem that looked less urgent just a few months ago: inflation is proving harder to shake than expected. After markets spent much of the year anticipating lower interest rates, stronger data and a recent rise...
The U.S. Economy This Summer

The U.S. Economy This Summer

The U.S. economy entered this summer in a difficult position: economic growth remained positive, but the labor market showed signs of slowing, while inflation remained above the Fed’s 2% target. Over the past several months, investors have increasingly focused on...
The Inflation Illusion

The Inflation Illusion

Looking at this week’s headlines may lead one to think that the inflation fight was practically over. June’s CPI actually fell 0.4% for the month, the steepest drop since April 2020, pulling the annual rate down to 3.5% from 4.2% in May. On paper, that looks...