Happy Friday, team. I'm Phil Rosen. This week we've seen a storm of economic data in the US.
The alphabet soup of readings — CPI, PPI, and jobless claims — all point to cooling inflation and a softening labor market.
In theory, that's good news for the Fed, because it suggests its policy is working.
Should the central bank opt to make one last rate hike in May, it could be like a greenlight for bulls.
The S&P 500 surged 35% after the final rate hike in 1995, and 28% in the year after the 2018 cycle's last move.