Quarterly Commentary Insights

The soft-landing scenario is showing signs of becoming a reality as the U.S. economy appears to be slowing just enough to revive dormant disinflationary forces but not enough to provoke fears of recession. While headline inflation has resumed its march toward the 2% target, the Federal Reserve awaits further confirmation of progress, especially in the stickier shelter and services components, before initiating rate cuts.

Reflecting on the first quarter of 2024 reveals a landscape of economic resilience, characterized by modest growth, ongoing inflation challenges, and anticipation of future rate cuts. Explore insights and projections in our First Quarter 2024 Review & Forecast.

Explore our in-depth Third Quarter 2023 Review and Forecast, delving into the performance of the U.S. economy, global markets, inflation trends, and investment outlook.

Explore our in-depth Second Quarter 2023 Review and Forecast, delving into the performance of the U.S. economy, global markets, inflation trends, and investment outlook.

While there were concerns about an impending recession, both the U.S. and European economies showed resilience with growth rates exceeding expectations. Strong job security and wage growth led to continued high consumer spending.