4 Important Takeaways from the Fed’s 0.75% Hike
The Federal Reserve concluded its two day policy meeting yesterday and announced it was raising its benchmark rate by 0.75%. Here are four observations about yesterday’s rate hike.
The Economy Is Slowing But Not Shrinking
Many pundits are issuing recession warnings and saying the economy is heading for a hard landing. Amid the cacophony of voices, we think the economy is slowing just like central bankers want but not shrinking.
Looking through the Clouds
Making the case for stocks to stage a second half rally back to the prior highs requires investors to see through some heavy cloud cover.
Savings Rate Falls As Inflation Takes A Bite
The latest personal income and spending data from the Bureau of Economic Analysis show that part of the driver of spending growth in April was from savings.
Corporate America Delivers, Market Attention Focused Elsewhere
First quarter earnings season was solid by just about any measure, but based on recent market behavior it’s obvious that in general market participants paid little attention.
Moderating Inflation Should Provide Boost in Consumer Confidence
A slight moderation in inflation will likely provide some needed boost in consumer confidence but we may have to wait another month. The April inflation report was not as soft as many hoped.
Federal Reserve Meeting Recap: An Historic Rate Hike
The Federal Reserve ended its two-day Federal Open Market Committee meeting yesterday with a 50 basis point (0.50%) hike in short-term interest rates — broadly in line with market expectations.
A Closer Look At The Stock Market Sell Off
The selloff continued on Tuesday, with the S&P 500 Index down 7.8% in the usually bullish month of April. With three days to go, this could go down as the worst April since a 9.0% drop in 1970.
Three Reasons Inflation Could Be Near A Peak
Inflation continues to soar, dominating conversation and stretching consumer wallets, but we do see some potentially good signs. Here are three reasons inflation could be near a peak.
What to Watch This Earnings Season
Earnings will be key to the path for stocks the rest of the year given that we believe valuation expansion will be tough to come by with higher interest rates and stubbornly high inflation.