The Fed, One and Done
By Kelvin Lee, Alonso Munoz We expect the Fed to hike rates by another 25-basis points at today’s July meeting. Just a reminder, we (rates) are already in restrictive territory, and today’s decision will bring the FOMC target range up to 5.50%. Since the beginning of this tightening cycle, the Fed has raised rates 550 […]
Up We Go
By Kelvin Lee The Federal Open Market Committee (FOMC) will announce their decision to raise interest rates today at 2pm in Washington D.C. Today’s decision comes after the high CPI print last Friday indicating that consumer prices rose 8.6%, the highest in 40 years. The Fed walks a delicate tightrope in today’s meeting as its […]
Jackson Hole Economic Symposium
Happy Friday! Jerome Powell spoke to economists, market participants, and government representatives this morning at the annual Jackson Hole Economic Symposium. Historically, the annual conference has been used by Fed chairs to make important announcements regarding the future direction of monetary policy. Mr. Powell’s remarks this morning seemed to be in line with what investors […]
Dissecting the Most Recent FOMC Minutes
During its most recent two day meeting, the FOMC discussed the domestic economy, markets, interest rates and its asset purchase program. Key takeaways from the meeting: 1) The economy continues to improve, but there are still millions of unfilled jobs. Employment, according to the Fed, is a key metric in determining an appropriate time to […]
