
Weekly Highlights
8/30/24: Strong GDP Growth, Stable Inflation, and Fed Rate Cut Anticipation
The economic releases this week presented several key data points which will likely influence near-term decisions regarding Monetary Policy.

The economic releases this week presented several key data points which will likely influence near-term decisions regarding Monetary Policy.

In a light data week investors were focused on a speech from Fed Chair Jay Powell at the Economic Symposium in Jackson Hole, Wyoming, on Friday.

Recent economic data continues to suggest positive but below trend growth this year. Labor markets remain solid, and the U.S. consumer has demonstrated resiliency.