Economic Quarter in Review
Chris Low, Sophia Kearney-Lederman, Will Compernole, and Mark Streiber
Hurry Up and Wait
Growth and employment data continued to beat expectations throughout January. Inflation has not declined enough for the Fed to endorse a cut as soon as March, but the encouraging momentum signals growing confidence for rate cuts later this year. The S&P 500 rose 2.1% on the month while the 10-year UST yield rose 3bp.
