Media – Blog
March 6, 2020
Coronavirus While domestic economic growth began the year on solid footing, the worldwide spread of the coronavirus along with its effects on global supply chains and potential effects on aggregate demand are likely to dominate financial market movements through springtime. U.S. equity markets sank 15% last week in the fastest
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February 18, 2020
Monetary Policy Report In its semi-annual report to Congress submitted earlier this week, the FOMC stated that “The U.S. economy continued to grow moderately last year and the labor market strengthened further. With these gains, the current expansion entered its 11th year, becoming the longest on record.” The report noted
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February 13, 2020
The World Health Organization has finally given the coronavirus outbreak in China an official name: COVID-19, for “Coronavirus Disease 2019.” Unfortunately, that’s one of the only things we know for sure about the new disease, even as the outbreak extends well into its third month. Consider everything we don’t yet
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February 10, 2020
The coronavirus has been the major event in the global economy so far this year. With more than 40,000 confirmed cases globally as of 2/10/2020, it has already surpassed prior flu pandemics. It has resulted in the effective quarantining of the city of Hubei, along with severe travel restrictions in
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February 8, 2020
The 2019 mid-September liquidity squeeze in overnight repo markets was perhaps the single most noteworthy event in the cash markets last year. As we noted at the time, the event posed major questions about the post-crisis banking regime and its impact on banks’ ability to lend out reserves. It also
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January 31, 2020
FOMC Holds Rates Steady The Federal Reserve met last week to review monetary policy for the first time this year and to no one’s surprise, the FOMC left the overnight lending rate unchanged at the 1.50% to 1.75% range. The Fed remains in a wait-and-see mode where interest rates are
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January 13, 2020
Every January, we point to three trends cash managers should keep an eye on in the coming year. In 2019, we hit the nail on the head when we highlighted the inverted yield curve, trade wars, and Brexit. Each of those issues kept institutional cash managers busy all year. First,
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January 7, 2020
Strong Year for the Markets After trending down on Tuesday morning, markets reversed course and closed the year on a high note. While they were off their December all-time highs, the S&P 500 and Nasdaq posted their best yearly performances since 2013, rising 28.9% and 35.2%, respectively, while the DJIA
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December 20, 2019
If you are among the 20 percent of institutional cash managers who don’t have a formal investment policy statement, it may be time to draft one. And if you do have one, December is a good time to dust it off and update it for the coming year. According to
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December 18, 2019
Final FOMC Meeting of 2019 The Federal Reserve met on December 11th and, as expected, left rates unchanged at the 1.50% to 1.75% target range. The FOMC signaled that it has little appetite for adjustments to monetary policy in the near term, saying “the current stance … is appropriate to
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