Insights

2 minute read

The Fed raised rates again, but hinted it soon might be time to take a breather.

43 minute listen

Stubborn inflation, strong consumption data and a robust labor market are clouding the economy’s path.

5 minute read

Volatile markets can offer opportunities.

1 minute watch

Banking sector turmoil has raised recession risks.

3 minute read

Fed Chair Powell made the case for another quarter-point hike amid the banking turmoil.

6 minute read

Simmering post-pandemic issues are raising the temperature.

1 minute watch

Growth stocks typically do well in low-rate, low-growth environments.

7 minute read

The beats (hawkish Fed, strong jobs, surprise bank failure) keep coming.

3 minute read

Supply and demand dynamics are supporting the municipal bond market.

7 minute read

As long as Americans keep spending, higher for longer may rule the day.

3 minute read

The economy is facing stronger headwinds than the markets realize.

2 minute read

Comparing the cost of becoming an adult across decades.

3 minute read

An improved high-yield asset class might not flash the same signs for reentry as in past economic downturns.

Three things to watch in 2023.

Consumers are showing restraint amid still-high inflation.

The Fed pushes back against market expectations.

Municipal securities have much to offer if the economy slows.

Wide corporate bond spreads are enticing, but the time to add to credit sectors hasn't come yet.

Fed Chair Powell indicates the pace of hikes is not as crucial as arriving at the right place.

Money market yields have returned to pre-GFC levels.

And they may get it as midterms seem to be trending the GOP's way.

Fed projections are less useful these days.

With sharp increases in rates and projections, the Fed intends to guide the markets. 

Impacts on the liquidity markets may flow slowly.

Monetary policy works with a lag.

Fed rates expected to go longer and higher.

The Fed raises interest rates by 0.75% for the second month in a row.

Rising recession risk favors defensive dividend stocks, cash and Treasuries.

After years of playing defense, it's time to think offense.

Three reasons the dollar has reached parity with the euro. 

The Fed’s willingness to shift on volatile data makes rate expectations difficult.

Fed policy shift should cool the housing market.

The market’s late shift in expectations gave the Fed the opportunity for a 0.75% hike.

Up, but until there is more clarity, maybe not much.

The Fed must rely on the data and not its policy framework to curb inflation.