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🧠The Weekly Scoop
Explaining every trend affecting your job, home, and investments
Augustus Christensen & Scoops Team
January 12, 2024
Hey friend - enjoy the long weekend. Markets will be closed on Monday for the US holiday honoring Martin Luther King Jr. We will return with your regularly scheduled scoops on Tuesday.
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Here’s what you need to know this week.…
Catch up on the conversation:
This week was all about anticipation. We will all be spectators of a race determining our livelihood in 2024. The race is between the cost of living and consumer incomes. Yes, policymakers can have inflation under control, but living costs rising less quickly doesn’t solve the real underlying economic issue. Wages and consumer financial health need to catch up dramatically to the cost of living to heal the trauma of post-pandemic inflation. How that race is won and how quickly will determine the economy's fate more than the Fed’s interest rate policies.
This week, we got another confirmation that inflation is mostly under control. Now, earnings season holds the next big set of secrets. That starts today.
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