In our 2024 outlook that we distributed in January, we wrote about what we thought would be the most important factors that would impact investments in 2024, including: (1) Will inflation continue to fall as expected towards the Fed’s 2% target? (2) Will there be a recession?
At the halfway point of 2024, we update our inflation and economic outlook based on new information and assumptions.
Our Macroeconomic Committee meets monthly to review economic indicators with the purpose of adjusting client portfolio allocations to reflect current and anticipated economic cycles.