US Resilience, Eurozone Weakness& More On Earnings

Why hasn’t the Fed’s tightening of monetary policy slammed the brakes on the US economy? Eric explains the structural economic shifts that have led to increased rate insensitivity as well as the implications for setting the federal funds rate going forward. … The Eurozone economy seems to have long Covid: Melissa reports that it been struggling to regain its pre-pandemic pace of growth. The European Central bank is tasked with a balancing act, both stoking growth and dampening inflation. … Germany’s leadership is floundering, and its economic indicators are pointing south. … Also: Joe reports that the investment-style rotation away from large caps has healthy earnings support.