Weekly Market Pulse: The Pursuit Of Happiness

The article argues growth is steady around a 2.0%–2.5% long-term trend, but inflation remains above the Fed’s 2% target. It points to economic stability showing up in markets through the 10-year Treasury yield and the U.S. dollar, implying rate and FX conditions are still being shaped by persistent inflation.

Analysis

The article argues growth is steady around a 2.0%–2.5% long-term trend, but inflation remains above the Fed’s 2% target. It points to economic stability showing up in markets through the 10-year Treasury yield and the U.S. dollar, implying rate and FX conditions are still being shaped by persistent inflation.