The latest inflation data is sticky, but the markets have only delayed rather than canceled expectations for that the Federal Reserve will start trimming interest rates in the near future. Some analysts are pushing back on the idea, including forecasts in some quarters that the Fed may leave rates higher for longer. But judging by implied market estimates for changes in monetary policy, the central bank is still on track to cut in the near term.
Daily Archives: February 21, 2024
Macro Briefing: 21 February 2024
* Conference Board abandons long-running US recession call
* US consumers’ food spending’s share of disposable income rises to 30-year high
* China’s economic fallout taking a toll on global banks
* Vietnam set for world’s sharpest increase in wealth, consultancy forecasts
* America’s commercial casinos report record year for revenue in 2023
* Hedge funds pared exposure to Magnificent Seven megacap tech stocks in Q4
* US Leading Economic Index “continues to signal headwinds” in January:
