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July 2024 Review and Outlook

Executive summary:Headline inflation deceleratedThe labor market cooledFed has confidence that inflation is moving sustainably toward 2%Powell states a September rate cut could be on the tableValue outperformed growthIndex…

3 Reasons Not to Panic … Yet

The unemployment rate rose to 4.3%, triggering a past recession indicatorIt’s been a busy week for the economy and, in turn, markets.Perhaps the biggest news is that the unemployment rate rose to 4.3% today (chart below),…