Global Chief Economist @ Arch Capital Group | Economic Research & Forecasting
The latest HaMMR has dropped: "Take a Hint.” •Key Takeaway: #Unemployment rate continued to grind higher as labor demand cooled further — inflection point could be closer than hoped. •Macro Implications: Smooth labor market rebalancing to-date should not give the #Fed a false of security that they can be patient. •Housing Implications: #Mortgage rates are past their peak for the cycle but unlikely to move materially lower until the Fed cuts #rates. Check out the link for more detail 👇 #ArchEmployee
What is the Fed waiting for? Arch's Parker Ross and Leonidas Mourelatos return from the holiday weekend to dive into this week's data releases with the new HaMMR Digest. https://bit.ly/4bBUtYl
