Week of March 27, 2023
Signs of disinflation are beginning to appear. Home prices fell in February for the first time in 11 years, according to the Wall Street Journal. Commodity prices, especially energy, have plummeted of late. In conjunction with the recent spate of bank failures, the Fed appears ready to moderate its stance on frequent, large increases in interest rates. We are changing our Monetary Policy signal from red to yellow.
Bob Bilkie, CFA