Market Commentary

One thing: Wages outpace inflation

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One thing that moved markets is the noteworthy rise in America’s paycheck, with a 3.5% year-over-year increase in the first three months of 2024.

Capital markets perspective: Measure twice, cut once

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When working with wood, there’s a saying that you should always measure twice before making a cut – an approach that the Federal Reserve has also apparently taken by repeatedly re-measuring and re-marking their line before firing up the saw.  

One thing: Order up

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One thing that moved markets is the expansion of manufacturing and services for the first time in 17 months, with notable improvements in new orders and production.

Capital markets perspective: No rush to cut

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Federal Reserve Governor Chris Waller made headlines last week, revealing high inflation readings and strong job gains reinforce his view that there is “still no rush” to cut inflation rates.

One thing: Shifting sentiment

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One thing that moved markets is a shifting consumer sentiment, with mixed reviews on how Americans feel about the economy in the present versus in the future.