This week’s US data is perfectly focused on the two objects of our desire: declining inflation and continued, robust economic growth. Preliminary reports on economic activity in January will be followed by the Fed’s favored barometer of inflation, the Personal Consumption Expenditures (PCE) Index. Expectations for rate cuts in 2024 fell sharply last week, with futures markets pricing only a 13.1% chance of seven or more rate cuts in 2024 as of the close of trading on Friday versus 61.5% the week before, according to the CME FedWatch Tool. Chances of a rate cut in March fell from 81.0% to 47.4%. On the wealth planning front, we discuss the benefits of an annual financial checkup.
Click Here to Read the January 22, 2024, Economic Commentary
Click Here to Read the January 22, 2024, Investment Commentary
Click Here to Read the January 22, 2024, Wealth Planning Commentary
