Could The Bumps In The Road Turn To Potholes And Rate Rises Ahead?

This is our latest weekly market update. Last Wednesday, Fed Chair Jerome Powell retained a cautious stance towards future rate cuts in a speech to the Stanford Graduate School of Business. “Recent readings on both job gains and inflation have come in higher than expected,” he said, suggesting that the U.S. central bank will continue to study more data before starting a rate-cutting cycle. Atlanta Fed President Raphael Bostic, a known hawk, said rates should likely not be reduced until the fourth quarter of this year, with only one cut likely in 2024. “We’ve seen inflation kind of become much […]