News & Insights
Welcome to the FIA News & Insights, a one-stop resource that includes insights from senior investment professionals on timely market events, their views on the economy and their respective markets. Find updates on the latest media information on Frost Investment Advisors, LLC and the most recent reprints, as well as, archival information for your reference.
Labor is Short, Inflation in Services is Sticky, and Consumers are More Upbeat
Too Dovish?
The markets rallied after Fed Chairman Jerome Powell’s press conference on the heels of another 25-basis point hike, only to reverse two days later in the wake of the blowout jobs report (more on that below). The reversal shows that markets were too quick to dismiss Powell’s insistence that inflation poses a risk of being persistently high. Investors were brought back to earth with evidence of a stubbornly strong job market, a lingering labor shortage and hawkish speeches from FOMC members.
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