We may not be flying into a storm, but there’s been plenty of turbulence this year. How businesses, households, and central banks steer through the rough air will set the tone for markets over the second half of 2022.
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.
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.
One of the value propositions of owning core bonds is that they tend to act as a diversifier during equity market drawdowns. However, that has certainly not been the case so far this year.
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.
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.
The unrelenting move higher in U.S. Treasury yields continued last week making it the 15th week (out of the past 16 weeks) that the yield on the 10-year U.S. Treasury security ended the week higher.
The historic spike in mortgage rates instigated chatter across the country that the housing market is a bubble that will soon pop. However, we don’t believe headwinds from higher rates will fully negate the tailwinds of low inventory, pandemic reshuffling, and positive demographics.
One of the biggest stories over the past few weeks has been the inversion of various points on the U.S. Treasury yield curve. Here are ten things to know about the yield curve.
The U.S. economy added 431,000 jobs in March and February job estimates were revised higher, pushing the 3 month average gain to 562,000. Unemployment ticked down to 3.6 percent, indicating a tightening labor market.
