The latest employment report showed softer-than-expected job gains in March while wage growth edged up. This raised concerns about the possibility of the Fed having to hike rates in the face of a softening job market if upward wage pressures persist. In our view, however, there is no cause for alarm on this front. The
In the April issue of our monthly flagship publication, we feature: On the Record’s “Withering Heights?” by Chief Investment Officer Tony Roth looks at the quarter just ended and those to come. In Focus’ “Tariffs, trade, and Trump” by Chief Economist Luke Tilley and Senior Investment Strategist Meghan Shue explores the recent tariffs, the likelihood of a
March 26, 2018— President Trump tweeted on March 2 and 7, respectively: “When a country (USA) is losing billions of dollars of trade with virtually every country it does business with, trade wars are good, and easy to win. Example, when we are down $100 billion with a certain country and they get cute, don’t
