AFMC - A Week Of Mixed Signals
2024-02-17 02:40:00 ET
Summary
- This week was particularly trying, and most of all for the masses tethered to the “6 in ’24” narrative proclaiming six Fed funds rate cuts in 2024.
- Many of the categories that make up typical household budgets saw price gains in January well above recent trends.
- A retail sales print on Thursday showed a sharp reversal in January that may be the first clear sign of a slowdown in consumer spending.
Spare a thought, if you will, for the poor bond market. The fixed income crowd lives and breathes for the certainty of where interest rates are headed, only to be forever buffeted by the crosswinds of conflicting economic data that tear apart the certitude of any directional trends....
A Week Of Mixed Signals