Last week’s much better than expected inflation numbers in the US have conclusively turned investor attention away from the Fed and placed it squarely on how soft the soft landing may be. Specifically, the question this week – and almost every week to come in what remains of 2023 – will be about the US consumer’s ability to sustain US economic growth, ideally in the 2.5-3% range. During 2023, the markets have incorrectly forecasted six different times Fed cuts. Currently, the markets are forecasting a 25bps cut around the first quarter of 2024. During this time, investors have generally treated “bad news” as “good news” where the belief is that a slowing economy will motivate the Fed to start an interest rate-cutting cycle. On the wealth planning front, we discuss Jeff Bezos and his recent move to tax-friendly Florida.
Click Here to Read the November 20, 2023, Economic Commentary
Click Here to Read the November 20, 2023, Investment Commentary
Click Here to Read the November 20, 2023, Wealth Planning Commentary
