News & Insights

We missed last week for Memorial Day, but the surprise downgrade of U.S. debt by Moody’s rating agency ended with a muted reaction from markets.

Flatlining on an echocardiogram is usually a bad thing. For an economy in waiting mode, this week’s flat inflation and unemployment data showed there’s more waiting to come.

Markets were left wanting after another lackluster FOMC meeting last week. Jerome Powell and company kept rates level for the fifth straight meeting.