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For investors, Powell’s Jackson Hole speech confirms that policy is at a turning point. The Fed seems more willing to counter the risk of a weakening labor market, even as it recognizes that inflation has not yet fully returned to target.
While the U.S. stock market rallies skyward, investors are taking on more risk. The dog days of August are here, but the players in politics and finance remain focused on the trends of inflation, jobs, and the Fed-funds rate.
While all President’s desire lower interest rates, keeping disagreements over monetary issues private has been the norm. This is not to imply that tension never existed.
With mortgage rates hovering around 7% and New Jersey home prices showing no signs of softening, affordability is top of mind for many young and first-time buyers.
Henry Mercer has 45+ years of investment management experience and most recently served as President of Mercer Capital Advisers, Inc., which he founded in 1999.
While the timing and extent of any future moves remain uncertain, the evidence suggests that the case for easing is gaining traction - even if not yet broadly embraced.
As the first quarter progresses, the House of Representatives has passed a new spending bill, introducing several measures aimed at boosting the economy and benefiting everyday investors.