December 2023 market update
After a year in which Federal Reserve Chairman Jerome Powell managed to hold everyone’s attention – again – here we are waiting for the outcome of the last FOMC meeting of the year. A few weeks ago, with the narrative of rates being higher for longer taking firm hold, the upcoming December meeting would likely […]
November 2023 market update
The Federal Reserve’s November meeting went as the market expected: no change in rates. What wasn’t expected was the October and early November rollercoaster of bond yields. And by rollercoaster, think Kingda Ka. The ten-year U.S. Treasury yield was briefly above 5.00% during the month. The last time it hit that level was July 2007. […]
October 2023 market update
September Recap and October Outlook The outcome of the Fed’s meeting in September was to hold rates at the current level. It has been described as a “hawkish pause,” and the Fed was clear in post-meeting remarks and statements that one more increase is still possible in 2023. Regarding the impact on the economy, markets, […]
September 2023 market update
For most of the summer, increasingly positive data releases fed into the market’s upbeat view of the economy. This seemed to belie the consistent messaging from the Federal Reserve that it isn’t done raising rates and inflation isn’t yet whupped. August poured cold showers on the market’s optimism, as Jerome Powell continued his new tradition […]
