Remember the dreaded "What I Did Over Summer Vacation" essay? It's a fair writing prompt this week for the grown-up version of us too; except now, it's about your money. Whether summer meant travel, home projects, family expenses, or simply staying invested through a noisy market, the season could rewrite your financial story going into this fall.
Even if soccer isn’t your thing, it is hard not to notice the excitement surrounding the World Cup. Traditionally, Americans have been skeptical of soccer compared with football or basketball because it’s not as high scoring, the pace seems slower, and a lot of complexity happens on the field.
But that’s also part of why it can be worth watching.
In his recent speech, Federal Reserve (Fed) Chairman Jerome Powell focused on the fragilities of the labor market and is preparing markets for the new phase for policy. “The time has come for policy to adjust.” A soft landing looks achievable, barring any shocks. Disinflation while preserving labor market strength is only possible with anchored inflation expectations, so an independent and credible central bank is key. One of the best concepts in the speech for investors to understand is the current data shows an evolving macro landscape. The jury is still out on if the Fed can successfully manage the risks to both sides of their dual mandate.