Analysis of evolving market themes.
Expect a pause, not a pivot, as savings fuel spending
In the coming months, the Fed will not likely pivot, but pause and wait with a high level of rates for convincing signs of disinflation.
High job openings signal wage-price spiral
Limited labor supply, higher wages, and a high staff turnover seems to have initiated a wage-price spiral.
Economic Update for November 21, 2022
Highlights of key economic statistics from last week compiled by Putnam Investments.
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