Week of November 6, 2023
We are moving our Monetary Policy Signal from yellow to green, following the announcement by the Fed that they will not be engineering another interest-rate increase before year end. Shortly on the heels of that announcement, the October employment data was released showing a reduction in job gains versus the prior month (150,000 versus 297,000). This would suggest that US economic growth is slowing, the aim of the Fed as it attempts to contain inflation.
Bob Bilkie, CFA