January will end, this week, with an economic bang. US employment data for the end of 2023 and the start of 2024 will provide fitting book-ends for the Tuesday/Wednesday meeting of the Federal Open Market Committee (FOMC). The Personal Consumption
Economic Insights
Q4 2023 Economic Commentary
By Jeanette Garretty, Chief Economist The fourth and final quarter of 2023 saw a resolution of a number of important questions: Would inflation decelerate as hoped? Would the US economy falter? Would the Federal Reserve ever stop raising interest
Robertson Stephens Weekly Commentary – January 22, 2024
This week’s US data is perfectly focused on the two objects of our desire: declining inflation and continued, robust economic growth. Preliminary reports on economic activity in January will be followed by the Fed’s favored barometer of inflation,
Robertson Stephens Weekly Commentary – January 16, 2024
As the likelihood of an economic "soft landing” is increasingly accepted by investors, businesses and consumers, attention is shifting to the challenges of profitability, sales growth and geopolitical threats. The US market headwinds echo the same
Robertson Stephens Weekly Commentary – January 8, 2024
The US nonfarm payroll figures released on Friday were largely positive, certainly in terms of forecasts for a “soft-landing. The 216,000 net new jobs added in December is a number consistent with low or falling unemployment rates and the jobs were
Jeanette Garretty on Bloomberg Daybreak Australia
Chief Economist and Managing Director, Jeanette Garretty appeared on Bloomberg Daybreak Australia to discuss her key takeaways from the US jobs data and outlook for the US economy. “The jobs report was a good jobs report,” says Garretty. “The wage
Robertson Stephens Weekly Commentary – January 2, 2024
Happy 2024. What can this year possibly do to top the extraordinary economic stories of 2023? A good start would be a soft landing driven by the kind of productivity improvement that leads both to wage growth and decelerating inflation. 2023 ended
Jeanette Garretty on Yahoo! Finance
Chief Economist and Managing Director, Jeanette Garretty appeared on Yahoo! Finance to discuss holiday retail sales. “The Trends seen in recent consumer spending patterns and the data that may serve as a ‘check engine light’ in 2024,” says
Jeanette Garretty on Bloomberg Radio
Chief Economist and Managing Director, Jeanette Garretty appeared on Bloomberg Daybreak Asia to discuss the US economic outlook. “I think it's a point that we have long wanted to be at a point of actually greater certainty about what the outlook is
Robertson Stephens Weekly Commentary – December 18, 2023
As is often the case following Federal Reserve/FOMC meetings, the past few days have seen considerable re-evaluation of the first quick-take outlook for interest rates in 2024. Little doubt has emerged that the FOMC announcement on December 13
