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Mid-Quarter Investment Review
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This week’s Economic Perspective is a mid-quarter review of investment outlooks.
Underlying economic and policy conditions remain supportive of sustained growth in spending and output at least through the middle of next year. The inflation rate could drift higher in 2024 in an environment of continued strong economic momentum and the tightest labor market in 50 years. The fixed-income market is vulnerable in an environment of strong economic growth, sticky service sector inflation, full employment, and continued monetary restraint. Bond valuations are also an obstacle to rising bond prices. Underlying fundamentals strongly suggest that equity investors should exercise caution... READ MORE
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August 15, 2023
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