KEY TAKEAWAYS The Fed cut interest rates for the first time in 10 years. Economic data still doesn’t warrant a cut, but U.S. businesses need a confidence boost. This rate cut will likely not be a one-and-done event. Click here to download a PDF of this report. The...
KEY TAKEAWAYS The Fed is expected to cut rates this week for the first time in 10 years. We view any upcoming cut as a policy adjustment, not a response to significant economic weakness. A rate cut could help boost consumption and sentiment and lead to even looser...
KEY TAKEAWAYS Consumer activity rebounded strongly in the second quarter. Still, GDP likely expanded at the slowest pace in three years as other sectors dragged on growth. We’re encouraged by the strength in consumer spending, but economic growth needs to be broader....
