,

Two the Point — U.S. Economy: No Stag, No Flation

A headshot of associate Andrew Davis. He has short brown hair and he is wearing a black suit.
Andrew Davis, CFA®
  • Bryn Mawr Capital Management
< 1 min read
June 14, 2024
Two the Point

In this week’s market update, we delve into the latest economic data, emphasizing the absence of stagflation and the implications for the investment landscape.

Key Insights:

  • Robust Employment Data: May saw the addition of 272,000 new jobs, surpassing expectations and signaling continued normalization as the labor market is set to come back in balance by year end.
  • Cooler Inflation Data: U.S. CPI was flat month-over-month at 3.3% year-over-year. Meanwhile, Core CPI increased a modest 0.2% month-over-month and Core Services posted the smallest contribution to inflation since September 2021.
  • Federal Reserve Outlook: Though the bar remains high, the data supports a potential first Fed rate cut in September, and we anticipate a surgical approach to normalizing monetary policy.
  • Market Implications: The robust earnings outlook and market broadening present significant investment opportunities for portfolios.
A headshot of associate Andrew Davis. He has short brown hair and he is wearing a black suit.
Andrew Davis, CFA®
  • Bryn Mawr Capital Management

Andrew Davis leads a team that analyzes broad economic trends and factors that impact global and national economies. He joined the company in 2019.

Recent Articles

  • A mockup of an embedded digital video player. A transparent "Play" icon is superimposed over a photograph of a road extending into the horizon. The publication's title "Planning Perspectives" is emblazoned above. The image is overlaid with a blue mezzotint pattern reminiscent of the texture of dollar bills.

    Investment Moves to Make Before Year-End

    This week we discuss the investment moves to make before year-end.

  • A group of professionals sitting around a desk.
    , ,

    Five Key Investment Moves to Make Before Year-End

    Here are five essential investment moves to consider before the new year.

  • A mockup of an embedded digital video player. A transparent "Play" icon is superimposed over a photograph of a road extending into the horizon. The publication's title "Planning Perspectives" is emblazoned above. The image is overlaid with a blue mezzotint pattern reminiscent of the texture of dollar bills.

    End of Year Tax Tips

    Planning Perspectives is your guide to navigating the complexities of wealth management with ease. This week we discuss end of year tax tips.

View All resources