Reality Check Layoffs can be hard to stomach. And during a time that the economy is booming, they’re even harder to reconcile with what economic data seems to be telling us. Let’s break down this disconnect. Various Fortune 500 companies, including UPS (UPS), eBay (EBAY), and Microsoft (MSFT), have announced mass layoffs recently. But they…Read more
SoFi Hong Kong Blog
If Not March, When? Welp, Federal Reserve Chair Jerome Powell and a hot jobs report poured cold water on the odds of a March policy rate cut, so back to the drawing board we go. Data dependence will be the name of the game for investors trying to predict when the elusive first rate cut…Read more
The Cuts Go Marching One by One This meeting was not expected to produce any changes in policy rates, and that was indeed the case. Perhaps this meeting can be described as the opposite of the popular saying: words speak louder than actions. We did get confirmation that most FOMC members do expect to cut…Read more