The tone and tenor of the FOMC’s statement and remarks by Chairman Jerome Powell afterward substantially raised the bar for a rate cut in January. … READ MORE >
K-shaped economy
Market Minute: The K-shaped loan market
Loan growth over the past year illustrates a large divergence in loan provisions to traditional borrowers versus non-depository financial institutions. … READ MORE >
Consumer confidence dips as markets rally
Consumer confidence slid again in October, a stark contrast to the high-flying rally in the equity markets—a reflection of what we call the K-shaped economy. … READ MORE >