We’ll Leave Outlook Unchanged As Economic Trends Were Mixed During Past Couple Months

We hope you recall that John Muldowney, my forecasting partner, and I revised our E&S market forecasts last month, taking 2024 down sharply and raising the forecast for 2025. Since then, we’ve seen nothing that changes our views. The data on jobs, on jobs openings and labor turnover, wage growth, consumer, producer and PCE inflation,…