The Labor Market’s Tell
September 2, 2025 — Over the past month, the labor market has taken center stage in the debate over the near-term trajectory of Fed policy. With inflation not showing a meaningful pickup in aggregate, jobs data may be the lynchpin for near-term rate cuts. If employment weakens meaningfully, the Fed gains cover to ease; if not, they risk waiting too long.
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Fixed Income
Retailer’s Guide: Economic Takeaways from Retailer Earnings
August 27, 2025 -- Tariffs are emerging as a key challenge, pressuring margins and prompting supply chain shifts, especially for retailers with heavy exposure to . . .
Fixed Income
Fixed Income Investment Strategy — August 2025
August 27, 2025 -- Fixed Income Investment Strategy provides an overview of Sage's market outlook and sector positioning.
Fixed Income
Jackson Hole Marks Powell’s Readiness to Ease
August 25, 2025 -- Fed Chair Jerome Powell’s speech at Jackson Hole last week marked a clear pivot from prior Fed communications, striking a more dovish tone than markets had...