Today's Big Picture
Economy Stronger Than Expected
The economy grew faster than initially reported last quarter. Unemployment claims hit their lowest level in over a year. Inflation held steady at 2.8, still above the Fed's 2.0 target but not getting worse.
Translation: the Fed has no reason to cut rates anytime soon.
Consumer Giants Feeling the Squeeze
Procter & Gamble $PG and Abbott $ABT are selling less stuff even after cutting prices. McCormick $MKC said tariffs will cost them $50 million this year and they'll raise prices to cover it. The old playbook of hiking prices and hoping customers don't notice is breaking down and everyone’s feeling it.
Greenland "Framework" Pauses Trade War
Trump announced he won't hit European nations with new tariffs after claiming he reached a deal on Greenland. Big reversal from earlier this week when the tariff threats sent markets lower. Denmark says sovereignty isn't up for discussion, but for now the immediate threat is off the table.
Modify on 2026-01-27 00:31
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