ACTV - Looking Through The Fed's Signals
2024-05-06 10:15:00 ET
Summary
- We look to incoming data to determine where the Federal Reserve will go, rather than its policy signals. Solid corporate earnings keep us overweight U.S. stocks.
- U.S. stocks clawed higher thanks to earnings beating expectations, even as the Fed meeting confirmed we’re in a structurally higher interest rate environment.
- We expect the Bank of England to hold rates steady this week. Markets have pared back their expectations of rate cuts this year due to slowly falling inflation.
Transcript
The past few months of inflation surprises have confirmed that we're in a fundamentally more volatile environment - creating greater uncertainty for both markets and the Fed....
Looking Through The Fed's Signals