Get the Latest
July 2024
Mid-Year Summary: Growing but Slowing, Trending With Few Contributing
"If a man will begin with certainties, he shall end in doubts; but if he will be content to begin with doubts, he shall end in certainties."
- Sir Francis Bacon
The summer months are here and with it, time for reflection. Economic data point to some moderation, but non-recessionary growth remains our base case. There is less room for optimism given June’s bounce, but price trends remain supportive and slower growth has buoyed the rate-cut narrative.