The Goldilocks Effect: Why the U.S. Economy Can’t Get Too Hot or Too Cold

A softening job market has helped bring U.S. inflation down to 2.6%, close to the Federal Reserve’s 2% goal. This supports potential Fed interest rate cuts as soon as this fall; however, it’s important that job weakness does not lead to outright economic deterioration. In the Treasury market, expectations for the timing of a rate […]
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