Economic Month in Review

Chris Low, and Rebecca Kooshak

May 2019: Stubborn Fed Digs In

The month opened with investors focused on the FOMC signaling a rate cut, but Jay Powell stubbornly dug in, reaffirming the FOMC’s commitment to a patient, data dependent approach to adjusting rates. Meanwhile, US earnings reports offered insight into large retailers likely to mitigate tariff impacts. Retailers most resilient offer same-day delivery and successfully shifted sales from brick-and-mortar directly to consumers online.

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