Consumer sentiment ‘doesn’t really track consumer spending,’ economist says
November 11, 2022 – Chief Economist and Managing Director, Jeanette Garretty appeared on Yahoo Finance discussing how “Consumer sentiment ‘doesn’t really track consumer spending,’ she said, “Consumer sentiment doesn’t really track consumer spending as much as you would think because what really drives it is income. And so underlying this is a concept of real […]
Jeanette Garretty on US Jobs Reports
October 6, 2022 – Chief Economist and Managing Director, Jeanette Garretty appeared on Bloomberg to discuss “US Jobs Reports.” “Earnings still look attractive and so as a result, I think when it comes down to it the strength of the dollar is inherently also being derived from a very clear monetary policy – a very […]
No Recession Here, Just a Slowing, Healthy Economy
August 26, 2022 – Chief Economist and Managing Director, Jeanette Garretty appeared on TDAmeritrade Market on Close to discuss ‘No Recession Here, Just A Slowing, Healthy Economy.’ “The view is that even over the longer term when everything is fine, 2.5% is likely to be your fed fund rate,” says Garretty. Watch here: https://bit.ly/3pVfpEh
2022 Mid-Year Outlook: Not Your Father’s Recession
By Chief Economist, Jeanette Garretty As published in Wealthmanagement.com August 22, 2022 – The US economy enters the second half of the year with more questions than answers. Foremost is the tension between extraordinarily robust job growth – and wage growth—and declining economic activity in sectors impacted by the interest rate rise engineered by the […]
Jeanette Garretty on CNBC Squawk Box
August 5, 2022 – Chief Economist, Jeanette Garretty, appeared on CNBC Squawk Box to discuss July’s job report and its impact on the economy. “One way to look at this, which is not commonly said, is this means that the economy can sustain where the Fed wants to go, and the Fed wants to go […]
Jeanette Garretty on Bloomberg TV Daybreak Australia
August 4, 2022 – Chief Economist and Managing Director, Jeanette Garretty appeared on air with Bloomberg LP to discuss expectations of the latest nonfarm payrolls data in the US and the policy path of the Federal Reserve. Jeanette commented that these numbers have a “huge amount of significance” – hear her insights here: https://bloom.bg/3Q4uGOy
2022 Mid Year Outlook Webinar
July 21, 2022 – With the 1st half of 2022 behind us, our Chief Economist Jeanette Garretty and Chief Investment Officer Stuart Katz discuss their economic and market outlooks for the 2nd half of the year. Head of Wealth Planning Mallon FitzPatrick will also share financial planning advice to keep in mind for the remainder […]
Why is Inflation Bad? 3 Effects of Inflation
July 29, 2022 – Chief Economist and Managing Director, Jeanette Garretty was featured in Forbes to discuss ‘Why Is Inflation Bad? 3 Effects of Inflation.’ Jeanette commented, “In every economic environment, there are winners and losers, and inflation is no exception. However, the longer high inflation persists, the harder it is to find winners.” Read […]
Jeanette Garretty on TD Ameritrade
June 22, 2022 Chief Economist and Managing Director, Jeanette Garretty appeared on TD Ameritrade Market on Close with host Oliver Renick. She commented, “There is a reasonable risk of a technical recession. Continued strength in employment is a factor to consider. Things are changing in the housing market. There is a repricing in the stock […]
Jeanette Garretty on Yahoo Finance
June 15, 2022 Chief Economist and Managing Director, Jeanette Garretty appeared on Yahoo Finance discussing “The Fed’s 75 basis point rate hike is ‘a big move but makes sense’” “The Fed likes to be in charge of where the credit markets are going and be sort of ahead. They haven’t been ahead,” says Garretty, “they […]
Jeanette Garretty on Money Life
June 9 – 2022 Our Chief Economist, Jeanette Garretty appeared on Money Life to discuss “Yes, a recession is coming, but ‘garden-variety’ and short.” “U.S. economic recession, with a couple of quarters negative and then a fairly quick rebound in economic activity with the markets leading that rebound quite sharply,” says Garretty. Listen here: https://bit.ly/3GVrSPU
Now What?
By Jeanette Garretty, Chief Economist April 29, 2022 – First Quarter US GDP growth has landed with a resounding thud. Yes, consumer spending and business investment grew strongly, preventing the GDP growth number from being far worse than -1.4%. The preference, therefore, would be to look past the “special factors” with a negative growth impact: […]