Sometimes it is important to take a step back from the daily headlines and market gyrations to focus on the broader context. As we close out the summer, this feels like one of those moments. The economic backdrop has clearly shifted toward a slower pace of growth, and while that outcome was expected, the path forward remains unclear. Inflationary pressures have been uneven, financial conditions are evolving, and policy changes in the months ahead could alter the trajectory. In other words, the story is still unfolding but the outlook is far from catastrophic, financial markets are telling us as much.
Read Lorne Gavsie and Neil Shankar’s commentary
