While the U.S. consumer remains resilient, CEO confidence has been deteriorating as economic uncertainty has been increasing.
Show Me the Money
Healthy Consumer, Healthy Economy
This week, the Federal Reserve made big news when it reduced the federal funds rate by 0.25 percent, its second cut this year. While any Fed action always dominates the headlines, the interest rate reduction was expected and fully priced into the market. Having raised federal funds a quarter point just last December, it has been a rather dramatic change of monetary policy in which the Fed has now cut rates twice this year.
Feeling the Summer Heat
After rising in lockstep for most of this year-to-date, stocks and bonds moved in dramatically different directions after a week chocked full of market moving developments.
