Up and Adam

The US economy is showing resilient growth compared to international peers, but faces internal challenges from rising mortgage rates and a leadership transition at the Federal Reserve.

Key Takeaways

• 1.The US economy is currently outpacing developed peers like Japan and Germany in PMI growth, though internal concerns such as contracting employment and rising input costs are emerging.
• 2.Kevin Warsh begins his tenure as Fed Chair facing a hawkish FOMC and potential friction with the White House over interest rate policy.
• 3.Historical data shows that the S&P 500 typically performs worse during the summer months of midterm election years compared to non-midterm years.

Table of Contents

• Previous Close
• Future
• Cross-Border Comparison Of PMI Data Highlights US Economy’s Faster Growth vs. Developed Peers
• As Warsh Is Sworn In Today, He May Face An Early Test Of Fed Independence
• Happy Memorial Day Weekend! What Does History Suggest About Summertime Market Performance?
• US Government Takes Equity Stakes In Quantum Computing Firms
• Mortgage Rates At Nine-Month Highs Could Jeopardize The Fledgling Recovery In Housing

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