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Flash Report April 2024

Inflation reports continued to come in above expectations dampening prospects for Fed rate cuts this year. Investors were left with few places to hide as markets broadly declined in similar fashion to last September when the Fed delivered a hawkish tone. Concerns for the consumer, including rising credit card delinquencies and declining confidence were unhelpful. However, fewer jobless claims, higher wages, and resilient consumer spending indicated continued economic expansion helping to limit the drawdown.

WRITTEN BY | May 1, 2024


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