Hikes… Take a Hike Markets came into today’s FOMC meeting pricing a 99.5% probability of the Fed holding policy rates steady, and there were no surprises on that front. What markets have been cueing from recently though, was the possibility of a rate hike being mentioned. That didn’t happen. In fact, great effort was made…Read more
Consumer Cracks In the United States, the consumer is the economy. Consumer spending accounts for around two-thirds of U.S. GDP, so when spending falters, the economy is in a pinch. That is why economists have been worried about the state of people’s wallets in the face of the high inflation Americans have been enduring. Even…Read more
New Law First things first: Yes, you can still use TikTok. But its future is murky. Last week, we explained how House Republicans attached TikTok legislation to an aid package for Ukraine and Israel. That helped it move through the Senate. On Wednesday, it was signed into law by President Joe Biden. So, what happens…Read more
