Media – Blog
October 25, 2024
Labor Market Remains Solid but Data Could be Noisy Ahead The September employment report was solid overall but with hurricanes Helene and Milton hitting the Southeast of the United States, labor statistics could be noisy ahead. September Employment Report: Looking ahead, the October jobs report (which will be released on
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September 19, 2024
Fed Cut Rates by 50 Basis Points – But 50 is Not “the New Pace” At the September 18th FOMC meeting, the Fed cut the federal funds rate for the first time in over 4 years by 50 basis points to a new range of 4.75%-to-5.00%. Heading into the meeting,
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September 4, 2024
The Time Has Come To Cut Rates In his keynote address at the Federal Reserve’s Jackson Hole Economic Symposium, Federal Reserve Chair Powell said the Fed now feels it is time to adjust monetary policy. His comment followed the release of the minutes from the Fed’s July FOMC meeting, which
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August 15, 2024
Registered Investment Advisors (RIAs) vs. Broker-Dealers (B-Ds): An Overview The services of a registered investment advisor or a broker-dealer should be considered if you are seeking to establish a separately managed account for your institutional cash investments. RIAs that are regulated by the U.S. Securities and Exchange Commission (SEC) have
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August 12, 2024
Recent inflation readings have shown promise that price increases are returning to the Fed’s 2% target, a positive for the consumer and economy that may allow the Fed to pivot towards rate cuts. Simultaneously, consumer product manufacturers are facing a pivot of their own. Changes in consumer shopping patterns suggest
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August 2, 2024
Yesterday, the FOMC left the range for the Fed Funds Rate unchanged at 5.25% - 5.50%, as expected. While the overall stance remains unchanged from June, Chair Powell was clear the committee is taking a more balanced approach by no longer overemphasizing the inflation side of its mandate. The Committee's
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July 16, 2024
Return of the Dual Mandate “For a long time, the risks were more that we would fail to hit our inflation target…. we’re very much aware that we have two-sided risks now.” This was a quote from Federal Reserve Chair Powell when he spoke to Congress last week, acknowledging that
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June 21, 2024
Labor Market Data is Mixed 2024 Inflation Data May Finally be Moderating Economic Data Leads to Ongoing Rate Volatility The first half of June brought a fresh roller coaster ride of volatile yields. The 2-year note is one of the tenors most impacted by future monetary policy, and June began
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June 18, 2024
Yesterday, the FOMC left the fed funds rate unchanged at 5.25%-5.50%, as expected. The committee noted modest further progress towards the Fed’s inflation target, an improvement from the lack of progress noted at the previous meeting. The Fed published an updated Summary of Economic Projections (SEP), which projected just one
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May 21, 2024
Introduction On March 7th, 2024, the European Commission (EC) began enforcing the Digital Markets Act (DMA), one of the most sweeping antitrust policies for Big Tech to date. Yet despite the broad scope covered under the legislation, the market reaction was relatively muted. This suggests a belief that the companies’
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