This July/August 2016 video from our Capital Perspectives series discusses the shocked reaction from the world when the United Kingdom voted to exit the European Union (Brexit). A few weeks later, we find that fear has subsided, but concern persists.
August 30, 2016—This week’s report on personal income and spending indicated healthy consumer activity as well as an inflation picture that is playing out as we had expected. This is supportive of our core narrative. Nominal personal income expanded at a healthy 0.4% month-over-month (m/m) rate from June to July. Headline inflation was flat over
August 24, 2016—It must be August. We’re all coming back from vacation, doing our back-to-school shopping and, of course, eagerly anticipating the comments from Federal Reserve Chair Janet Yellen at the annual economic policy symposium in Jackson Hole, Wyoming. She is scheduled to speak on Friday and we know only the title of her speech: