The classic trade-off between unemployment and inflation isn’t the same due to the Federal Reserve, in Peter Berezin’s view.
Two reports seem to show a cooling economy, with the Fed backing off.
Ratings drops affect Comerica and KeyCorp, following Moody’s negative actions on lenders two weeks ago.
The big yield advantage they enjoyed over developed countries’ debt issues has narrowed, but EM paper retains other pluses.
More housing price increases might squelch the conventional wisdom that July’s hike will be the last, some strategists say.
Investors in the in-vogue asset class hope that rising yields will boost their take.
No additional rate hikes, one more, two more? Strategists ponder what comes next after the CPI news.
Perhaps the 2020 downturn was just Part 1, BCA Research warns.
Some strategists say pandemic spending and other factors have severed the historic sequence.
The industry also is expanding its exposure to stocks and alts, amid rising rates.
Companies that achieved tech advantages (such as Microsoft) and pricing power (John Deere) will triumph, says JPM’s Jared Gross.
With tighter regulation on the way and the potential for firms to feign artificial intelligence influence, SocGen recommends a diverse approach.
Mission accomplished: Tightening probably won’t continue at the central bank’s meeting next week, says economist Ian Shepherdson.