
Weekly Highlights
8/02/24: Fed Holds Rates Steady as Labor Market Weakens
In addition to this week’s Fed meeting, market participants were primarily focused on the significant amount of labor market data released this week.

In addition to this week’s Fed meeting, market participants were primarily focused on the significant amount of labor market data released this week.

Expectations surrounding the trajectory of monetary policy adjustments in 2024 and beyond remain in focus for investors.

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.