Commentary
The pace of economic growth has been gradually slowing down since the lively pace of summer 2023. In fact, some predicted recession for the first half of 2025 based on the uncertainty of government tariff policy. While the first quarter of this year was weak, the second quarter turned in a solid 3% growth. Estimates for the third quarter are for lower growth but with no recession predicted yet.
Commentary
Over the past 8 months, the rate of change in Consumer Prices has declined, to 0.2% in July, or 2.7% annualized over the last 12 months. This is may be encouraging to some, but is not yet at the level that would bring comfort to the Federal Reserve. While recent comments from the Chairman are somewhat dovish, there is a resurgance in Producer Prices that could slow the anticipated interest rate reductions. PPI was up 0.9% in July or 3.3% over the previous 12 months.
The information herein was obtained from various sources believed to be accurate; however, Forté Capital does not guarantee its accuracy or completeness. This report was prepared for general information purposes only. Neither the information nor any opinion expressed constitutes an offer to buy or sell any securities, options, or futures contracts. Forté Capital’s Proprietary Market Risk Barometer is a summary of 30 indicators and is copyrighted by Forté Capital LLC. For further information, visit fortecapital.com, send a message to info@forte-capital.com, or call 866-586-8100 and ask for David W. Henion, CPA, or Larry H. Rabinowitz, CPA/PFS.
