Insights

Inflation spiking while job growth and consumer spending have slowed.

Our outlook across asset classes.

Fortune favors companies that can pass on cost increases.

Ratings upgrades and rebounding economy create favorable backdrop.

Munis may hit bumps on the Fed's path but should have much to offer in 2022.

And if it does, the world becomes a more dangerous place for investors. 

It's all about inflation expectations.

Three things to watch in 2022.

Two early-year stock market indicators point in different directions.

Three things to watch in 2022.

Three things to watch in 2022.

Fed tightening and evaporating fiscal stimulus should make for a bumpy road.

Fed poised to hike rates in March

Federated Hermes' 2022 outlook.

Three things to watch in 2022.

Three things to watch in 2022.

Three things to watch in 2022.

Timing of Fed’s rate moves will impact bank-loan market.

We’re constructive based on several factors.

Three things to watch in 2022.

Season is bright for retailers, despite headwinds.

Omicron is weighing on psyches, but not so much markets ... yet.

Three things to watch in 2022.

Passive target-date funds can be vulnerable to ESG risks.

Despite global supply chain issues, U.S. shoppers are spending more.

The Fed increases the pace of taper and expectations for rate hikes.

Several paths to pursue more yield in short-duration bonds.

Three things to watch in 2022.

Shorter-duration investments are worth a look.

Omicron is a nonevent for the markets.

Overcoming limitations of third-party data providers.

The omicron variant is driving the markets now.

Reiterating 4,800 and 5,300 '21 and '22 targets and value tilt

Americans using pocketbooks to fight back against Covid weariness.

The November jobs report's low headline number belies its internal strength. 

Investment decisions require synthesis of many inputs

Powell's nomination provides stability as uncertainty lingers.

Lots to be thankful for amid the divisiveness.

But Thanksgiving will be more expensive this year.

Market risks stay skewed to upside but inflation and possible policy errors lurk.

Earnings and solid fundamentals appear ready to spread some holiday cheer.

Were off-year results a wake-up call?

From turkey to sides and desserts, how much will you spend this Thanksgiving?

Robust spending and low delinquencies bode well for yields.

With inflation soaring and tapering starting, President Biden's choices for Fed seats are crucial.

It seems some may be earning plenty, for now, just trading crypto. 

The infrastructure bill benefits municipalities and muni investors alike.

Companies with pricing power still offering potential.

Financial advisors need ESG fluency to connect with the next generation of inheritors.

Popular meme seems perfect for this market.

Solid gains across the board in October.

The Fed announced it will cut the pace of its asset purchases, but not on a preordained path.

The case for an active approach to the short end of the bond market.

The success of the Fed’s first taper gives us confidence it will work well again.

We see a variety of reasons for the pullback in Q3 GDP growth.

Market marches forward as Dems scale back.

Finding value in a frequently misunderstood sector.

We could do without leisure suits (maybe) and stagflation (definitely).

Economy slows noticeably, while inflation remains elevated.

Still room to run, with a tilt toward cyclical companies with pricing power. 

Electric vehicles are becoming more popular, but changing the market with each purchase.

Aisle 3 is already sold out and it’s only October.

Top 5 career paths in sustainability.

This is not the 1970s ... not even close.

Ships that stole Christmas

Stubbornly higher inflation doesn't mean the Fed's wrong ... yet.

Semiconductor shortage is an all-around positive for these asset-backed securities.

Recent moves in bond yields make sense with a closer look.

Bond market plods ahead amid looming uncertainties.

Job gains miss while wages soar.

And now for something completely different ...

Fiscal policy uncertainty adds to market volatility.

Like a fox. China knows what it's doing.

The drama over the debt ceiling is a waste of time and energy.

Investors uncertain as country shifts from fighting poverty to fighting inequality.

Investment managers, the finance industry and the Fed have contingencies for the debt ceiling drama.

The arrival of favorable seasonality supports bullish forces.

Typically yes, but headwinds might diminish them.

Taper may start in November, with first rate hike by late next year.

3 sectors may help investors deal with market obstacles.

A near-term pullback could represent an opportunity for long-term investors.

Biden’s decision on Powell and others risks market volatility

Spending extends beyond roads and bridges.

Dem plans for corporate tax hikes look favorable but there's a ways to go. 

Non-financial evaluation can play a pivotal role in averting business disasters.

A tax and spending bonanza looms.

The economy is slowing amid a host of headwinds.

Several factors put upward pressure on yields.

With Merkel exiting, the center-right CDU suddenly looks vulnerable.

Our equity team examines the Fed’s clues to forecast when tapering will begin.

Markets will be watching closely as the House speaker orchestrates reconciliation.

The August jobs report is a huge miss.

Brief summer lull didn't derail solid fundamentals.

Fed Chair Powell stuck to the script at the central bank symposium.

Policymakers likely want to see a few more developments before announcing it.

'Buy the dips' continues to be the prevailing philosophy.

Muni bonds especially poised to benefit.

And most important, who decides?

We see inflation as a sustainable trend.

Back-to-school means back to shopping

Like a quality stock, I can count on these fabulous shoes.

Dividend-paying stocks offer value across sectors.

Can the pattern hold?

If everyone expects a pullback, maybe it doesn't come.

It depends on each company's pricing power.

Will free college and absolving student loans make a difference?

Pursuit of returns fuels risk appetite and broader array of new issues.

Uncertainties linger when you dig into the weeds.

Stocks, for now, are looking past unknowns and seasonality.

Uncertainties and vacations may feed volatility but bull trend carries on.

Holding debt can be an effective complement to owning stocks. 

Vaccinations are complicating students' return to campus.

After sentiment plummets, China appears keen to reassure investors.

Usage of the Fed’s Reverse Repo Program keeps growing.

Low supply across many sectors impaired GDP growth.

Valuations suggest it's time to consider dividend stocks.

While curtailing bond purchases were discussed, the FOMC today offered little additional insight.

Bond markets can look to precedent for reassurance

A higher-price regime can offer benefits.

Inflation is accelerating and constantly changing.

With recession over, it's time to pare fiscal and monetary stimulus.

Seasonality and uncertainties are lurking.

Inflation not completely transitory, but won’t trigger a tantrum

Where to look when anticipating inflation

Improving credit dynamics and rising demand make for solid 1-2 punch.

It's easy money all over despite rising inflation.

Inflation, debt ceiling, Covid-19 and politics are among the reasons. 

The Chair's trip to Capitol Hill showed just how patient the Fed intends to be.

Short-term rates more tied to monetary policy than long-term rates

Policy errors and Fed could pose problems later but it’s full steam ahead for now.

Bond market is priced, somewhat, for the Fed to get inflation right.

There are reasons it doesn't feel like a market on a roll.

FOMC's unofficial projection suggests acceleration, but remains dovish

The impact of the U.S. census on midterm elections and spending. 

Our equity team discusses differing views on inflation.

But underlying metrics are mixed.

Equity market's new highs mask issues lurking underneath.

The Fed finally raised the overnight reverse repo rate.

Red-hot housing exposes a growing divide between buyers and builders.

A lot, perhaps. But the bipartisan package has to clear Congress first.

Americans are eager to resume pre-pandemic vacation habits...with a few changes.

Goings-on in the sausage factory aren't bothering the markets.

As the central bank awakens to inflation risks, our policy-error fear fades.

What should investors do?

After Covid, revising immigration policy is urgent.

America's back and the troubles are (arguably) fleeting ... in the nearer term.

Quality cyclicals and dividend growers may be attractive options.

The Fed's slight adjustments to overnight rates should have a big impact.

But what creates and drives it is what matters for the markets.

Supply and demand in the oil market contributing to inflation.

Yes, but it’s not necessarily a bad thing.

Why we think this cycle is different.

They continue to confound as growth surges and prices accelerate.

For now, the bull is fine. But we're monitoring for potential longer-term health issues.

Unprecedented global economic conditions may skew monthly numbers.

The labor market recovery is tantalizingly close, but not here yet.

The unelected, nonpartisan Senate parliamentarian may be the most important person in D.C.

Should the Fed be more concerned?

Divesting means losing your voice for change. 

The Fed's view of 'transitory' might be too long.

Why are bond yields range-bound?

The U.S. economy has the wind at its back.

One day, we must pay the piper.

The recovery is coming to Europe. Latin America may be next.

Prices might be stickier than the Fed thinks.

The strongest growth in 37 years should propel earnings higher.

Perhaps a market hung up on stimulus should appreciate what it has.

While its performance is currently on pause, this sector's innovation is unstoppable.

Asset class continues to offer investors favorable relative returns.

And ready to run with the recovery.

Higher rates represent potential headwinds for markets and the economy.

A slower recovery could make for a longer one, too.

Covid-19 accelerated shifts to online shopping in 2020.

April’s unexpectedly large jump in CPI adds to worries higher inflation may stick around.

Generous emergency benefits, seasonal quirks likely behind big April jobs miss.

We're about to find out as the fiscal and monetary spigots keep pouring.

As vaccine rollout accelerates, the service sector should benefit.

A decade of disinvestment is causing affordability issues, not rampant speculation.

It's time for the Fed to raise overnight rates.

Might political realities trip up Biden's massive agenda?

Driven by stimulus and vaccines, the U.S. economy soared in the first quarter.