1 minute read
Weekly Cash Commentary
2 minute read
Weekly Bond Commentary
US labor market was strong across the board in January.
6 minute read
Equity rally broadens out amid positive January Barometer.
5 minute read
Yield curve dynamics may be in flux once Warsh is in office.
3 minute read
From a subpoena to a nomination, the Fed dominated the financial headlines.
Policy fog now begins to lift after this week's rate-cut pause.
Federal Reserve Chair Powell stuck to the script at the FOMC meeting yesterday.
With attractive yields and solid credit, demand for corporate bonds continues to be strong.
We think GDP growth could reach 3.3% in 2026.
If the future keeps bond investors awake at night, the present is complicated too.
But midterm elections and Fed leadership transition could spark volatility.
Sue Hill provides her insight after the anticipated December FOMC meeting, along with what is expected from the Fed in 2026.
Data-dependent bond markets shrugged off uncertainty to end a strong year.
The federal government shutdown is not the same as it reaching the debt limit.
Trump’s pressure on the Fed notwithstanding, the money markets have much to celebrate.
4 minute read
Fed holds rates, and Chair Powell sidesteps President Trump's pressure.
There are no short cuts when it comes to excellence in service.
Facing criticism and uncertainty, Fed Chair Powell makes things worse by dismissing the SEP.
With inflation under control, the Fed should cut rates twice later this year.
The question: Has Moody’s downgrade of the US credit rating impacted money market funds?
7 minute read
Equity and fixed-income investors are responding differently to tariff and fiscal policy uncertainty.
Week Cash Commentary
Solid US economic data also helps as equities reverse their April freefall.
For now, Trump is 'just' insulting Fed Chair Powell, as the Treasury market has pushed back.
Import surge pushes first-quarter GDP into the red.
Labor market remains solid, despite tariff uncertainty.
Trump's attacks make it harder for the Fed Chair to steer the economy through the storm.
Trump's policy reversals buoy markets.
Should investors focus on solid hard data or weak soft data?
The stability of the money markets is shining amid the greater financial turbulence.
Calculated well before the tariff announcement, the US added a robust 228,000 jobs in March.
Total US money fund assets push past $7 trillion.
Concern about Trump’s tariffs and sticky inflation seem to be deflating consumer confidence.
Fed stays in wait-and-see mode, but makes major changes to its forecast
'Uncertainty' dominated the FOMC meeting this week.
7 minute watch
Sue Hill breaks down Fed decision-making in 2025 and the impact on local government investment pools.
Bessent preaches short-term pain for long-term gains.
Maybe the Fed’s not done cutting rates this year, after all.
Market intervention should subside under the new SEC leadership.
Financial markets roiled by developments in D.C.
On the back of solid holiday retail sales, January's were dismal.