In his 3Q22 market commentary, Western Asset CIO Ken Leech discusses peaking inflation, the weakness in several economic indicators and the likely path ahead for monetary policy.
For Consumers, the Long Covid Night Is Mostly Over
by Michael J. Bazdarich, PhD
Weekly Municipal Monitor—Challenged Conditions Continue
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Can CLO Equity Outperform If the Economy Tips Into Recession?
by Jeff Helsing
What’s new in the recent data is a slight deceleration in services spending. It is still rising, but at progressively slower rates than we saw in 2021 and early-2022. With the deceleration in services spending, growth in total consumption has slowed as well.