Analysis of evolving market themes.

The Fed walks a line between inflation and financial stability
Given the fragilities in financial markets, the Fed will likely move cautiously in monetary tightening to fight inflation.

Will interest rates go down?
Our base case for our strategy remains that a recession will wipe out excess savings, and the relatively low interest-rate environment will return.

Economic Update for March 20, 2023
Highlights of key economic statistics from last week compiled by Putnam Investments.
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