Inflation is not dead, it’s just resting

Over the past three years inflation has gone from “transitory” to “persistent” to, well, boring. Across the developed world annual price increases are returning towards the subdued 2% level targeted by many central banks. Don’t break out the champagne yet,...

Interest Rate Cuts: A Blessing or a Curse for Your Stocks?

Of the last 10 Fed policy-easing cycles—going back to 1974—the S&P 500 has returned 11% on average in the 12 months following the first rate cut. That’s slightly below the index’s average return of 12% a year since the start of the 1970s. However, half of those 10...