The stock market’s Goldilocks moment has one big problem
The word “Goldilocks” is meme-ing out in US markets right now.It’s a reference to how recent economic data has been neither too cold nor too hot. The labor market and consumer spending have been cooling lately, while inflation has remained relatively mild.For the purposes of keeping interest rates on hold, the recent figures have been just right.It’s a big part of the reason why stocks have resumed their ascent to all-time highs.
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