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Article
June 23 2025
Markets/Economy .
Article

2 minute read

So many moving parts
June 23 2025

Weekly Cash Commentary

June 23 2025
Markets/Economy .
Article

2 minute read

To be continued
June 23 2025

Weekly Bond Commentary

June 13 2025
Markets/Economy .
Article

2 minute read

A different type of Fed issue
June 16 2025

Weekly Cash Commentary

June 13 2025
Markets/Economy .
Article

2 minute read

A pause in the policy program
June 16 2025

Weekly Bond Commentary

June 5 2025
Markets/Economy .
Article

2 minute read

New data not likely to change Fed's position.
June 9 2025

Weekly Bond Commentary

June 5 2025
Markets/Economy .
Article

2 minute read

Trump has better luck with the Fed's new Vice Chair
June 9 2025

Weekly Cash Commentary

June 5 2025
Equity .
Article

1 minute read

Labor market decelerating
June 6 2025

With inflation under control, the Fed should cut rates twice later this year.

June 2 2025
Markets/Economy .
Article

3 minute read

The Fed's own Independence Day
June 2 2025

Weekly Cash Commentary

June 2 2025
Markets/Economy .
Article

2 minute read

Did April showers bring May flowers?
June 2 2025

Weekly Bond Commentary

June 23 2025
Monetary Policy .
Article

4 minute read

The answer is, 'No'
June 2 2025

The question: Has Moody’s downgrade of the US credit rating impacted money market funds?

May 23 2025
Markets/Economy .
Article

2 minute read

Bond vigilantes on alert
May 27 2025

Weekly Bond Commentary

May 23 2025
Markets/Economy .
Article

1 minute read

The Fed to investors: Wait for it
May 27 2025

Weekly Cash Commentary

May 23 2025
Markets/Economy .
Article

7 minute read

Stocks and bonds going in different directions
May 23 2025

Equity and fixed-income investors are responding differently to tariff and fiscal policy uncertainty.

May 16 2025
Markets/Economy .
Article

2 minute read

The US data gap widens
May 19 2025

Weekly Bond Commentary

May 16 2025
Markets/Economy .
Article

2 minute read

A potentially shocking trend for inflation
May 19 2025

Week Cash Commentary

May 15 2025
Markets/Economy .
Article

5 minute read

Domino effect from trade negotiation boosts stocks
May 15 2025

Solid US economic data also helps as equities reverse their April freefall.

May 9 2025
Markets/Economy .
Article

1 minute read

Close to the vest
May 12 2025

Weekly Cash Commentary

May 9 2025
Markets/Economy .
Article

2 minute read

'The waiting is the hardest part'
May 12 2025

Weekly Bond Commentary

May 7 2025
Monetary Policy .
Article

3 minute read

Sticks and stones
May 8 2025

For now, Trump is 'just' insulting Fed Chair Powell, as the Treasury market has pushed back. 

May 6 2025
Markets/Economy .
Article

7 minute read

Devil is in the details
May 6 2025

Import surge pushes first-quarter GDP into the red.

May 5 2025
Markets/Economy .
Article

2 minute read

Will the Fed listen to negative consumers or positive employers?
May 5 2025

Weekly Bond Commentary

May 5 2025
Markets/Economy .
Article

1 minute read

Conflicting data
May 5 2025

Weekly Cash Commentary

May 2 2025
Monetary Policy .
Article

7 minute read

Not yet
May 2 2025

Labor market remains solid, despite tariff uncertainty.

May 2 2025
Liquidity .
Article

3 minute read

Let Powell drive the bus
May 1 2025

Trump's attacks make it harder for the Fed Chair to steer the economy through the storm.

April 25 2025
Markets/Economy .
Article

2 minute read

Trump verses Powell, again and again
April 28 2025

Weekly Cash Commentary

April 25 2025
Markets/Economy .
Article

1 minute read

Soft data is falling hard
April 28 2025

Weekly Bond Commentary

April 25 2025
Monetary Policy .
Article

5 minute read

Never mind
April 25 2025

Trump's policy reversals buoy markets.  

April 16 2025
Markets/Economy .
Article

2 minute read

Fiction and fact
April 21 2025

Weekly Bond Commentary

April 16 2025
Markets/Economy .
Article

1 minute read

Not this again
April 21 2025

Weekly Cash Commentary

April 17 2025
Markets/Economy .
Article

7 minute read

Perception versus reality
April 17 2025

Should investors focus on solid hard data or weak soft data?

April 11 2025
Markets/Economy .
Article

2 minute read

Wiggle room
April 14 2025

Weekly Cash Commentary

April 11 2025
Markets/Economy .
Article

2 minute read

Inflation and inflation expectations diverge
April 14 2025

Weekly Bond Commentary

April 30 2025
Markets/Economy .
Article

2 minute read

Staying steady
April 10 2025

The stability of the money markets is shining amid the greater financial turbulence.

April 7 2025
Markets/Economy .
Article

2 minute read

Tariffs cause flight to safety
April 7 2025

Weekly Bond Commentary

April 7 2025
Markets/Economy .
Article

1 minute read

Flight to safety
April 7 2025

Weekly Cash Commentary

April 4 2025
Markets/Economy .
Article

7 minute read

Labor market remains strong
April 4 2025

Calculated well before the tariff announcement, the US added a robust 228,000 jobs in March. 

March 31 2025
Markets/Economy .
Article

1 minute read

Vote of less confidence
March 31 2025

Weekly Bond Commentary

March 31 2025
Markets/Economy .
Article

1 minute read

Data discrepancy
March 31 2025

Weekly Cash Commentary

April 3 2025
Liquidity .
Article

4 minute read

The new Magnificent Seven
March 31 2025

Total US money fund assets push past $7 trillion.

March 31 2025
Markets/Economy .
Article

4 minute read

Self-fulfilling prophecy?
March 28 2025

Concern about Trump’s tariffs and sticky inflation seem to be deflating consumer confidence.

March 20 2025
Markets/Economy .
Article

2 minute read

Tariffs obscure the Fed's economic outlook
March 24 2025

Weekly Cash Commentary

March 20 2025
Markets/Economy .
Article

2 minute read

Return of 'transitory'
March 24 2025

Weekly Bond Commentary

March 21 2025
Monetary Policy .
Article

5 minute read

Uncertain
March 21 2025

Fed stays in wait-and-see mode, but makes major changes to its forecast

March 20 2025
Monetary Policy .
Article

3 minute read

A wary Fed
March 20 2025

'Uncertainty' dominated the FOMC meeting this week.

March 13 2025
Markets/Economy .
Article

2 minute read

CPI falls, but so does consumer confidence
March 17 2025

Weekly Bond Commentary

March 13 2025
Markets/Economy .
Article

2 minute read

Two views on inflation
March 17 2025

Weekly Cash Commentary

March 13 2025
Markets/Economy .
Article

6 minute read

Playing the long game
March 14 2025

Bessent preaches short-term pain for long-term gains.

March 10 2025
Markets/Economy .
Article

2 minute read

Labor market reports ringing caution
March 10 2025

Weekly Bond Commentary

March 10 2025
Markets/Economy .
Article

2 minute read

How tariffs could impact liquidity
March 10 2025

Weekly Cash Commentary

March 7 2025
Markets/Economy .
Article

6 minute read

Labor market slowing
March 7 2025

Maybe the Fed’s not done cutting rates this year, after all.

February 27 2025
Markets/Economy .
Article

2 minute read

The Fed has a lot to chew on
March 3 2025

Weekly Cash Commentary

March 3 2025
Markets/Economy .
Article

2 minute read

Is the canary in the coal mine warming up?
March 3 2025

Weekly Bond Commentary

March 3 2025
Markets/Economy .
Article

4 minute read

We SECond this change
March 3 2025

Market intervention should subside under the new SEC leadership.

February 27 2025
Markets/Economy .
Article

6 minute read

Policy uncertainty
February 28 2025

Financial markets roiled by developments in D.C.

February 20 2025
Markets/Economy .
Article

2 minute read

Inflation expectations rising
February 24 2025

Weekly Bond Commentary

February 20 2025
Markets/Economy .
Article

2 minute read

Minutes and months
February 24 2025

Weekly Cash Commentary

February 18 2025
Markets/Economy .
Article

6 minute read

Consumer slowing down
February 19 2025

On the back of solid holiday retail sales, January's were dismal.

February 18 2025
Markets/Economy .
Article

2 minute read

Inflation creeping up
February 18 2025

Weekly Cash Commentary

February 18 2025
Markets/Economy .
Article

2 minute read

Consumers becoming more cautious
February 18 2025

Weekkly Bond Commentary

February 11 2025
Monetary Policy .
Article

4 minute read

Positive January Barometer
February 12 2025

The rally broadens.

February 6 2025
Markets/Economy .
Article

2 minute read

On solid footing
February 10 2025

Weekly Bond Commentary

February 6 2025
Markets/Economy .
Article

2 minute read

End of an era
February 10 2025

Weekly Cash Commentary

February 10 2025
Markets/Economy .
Article

7 minute read

Hot jobs report should chill Fed
February 7 2025

New year starts with hiring and wage growth.

January 31 2025
Markets/Economy .
Article

2 minute read

Expectations of inflation also important
February 3 2025

Weekly Bond Commentary

January 31 2025
Markets/Economy .
Article

2 minute read

Inflation rises
February 3 2025

Weekly Cash Commentary

January 31 2025
Liquidity .
Article

3 minute read

Don't be distracted by the Fed drama
February 3 2025

For liquidity investors, the Fed decision to pause cuts matters more than Powell and Trump locking horns.

January 31 2025
Equity .
Article

7 minute read

Fourth quarter GDP disappoints
January 31 2025

Revisions are possible due to inventory and trade data.

January 24 2025
Markets/Economy .
Article

2 minute read

Bring the popcorn
January 27 2025

Weekly Cash Commentary

January 24 2025
Markets/Economy .
Article

2 minute read

Lots to digest
January 24 2025

Weekly Bond Commentary

January 20 2025
Markets/Economy .
Article

6 minute read

New sheriff in town
January 21 2025

Peak policy uncertainty.

January 16 2025
Markets/Economy .
Article

2 minute read

Inflation a conundrum for Fed
January 21 2025

Weekly Cash Commentary

January 16 2025
Markets/Economy .
Article

2 minute read

Look both ways before assessing
January 21 2025

Weekly Bond Commentary

January 14 2025
Equity .
Article

5 minute read

Tough start to the new year
January 15 2025

Stocks playing catch-up with bond market sell-off.

January 13 2025
Markets/Economy .
Article

2 minute read

Blowout December jobs report
January 13 2025

Weekly Cash Commentary

January 13 2025
Markets/Economy .
Article

2 minute read

Fed staff earning their pay
January 13 2025

Weekly Bond Commentary

January 10 2025
Markets/Economy .
Article

5 minute read

Labor market ends 2024 on high note
January 10 2025

Employment strength should keep Fed on the sidelines for some time. 

January 3 2025
Markets/Economy .
Article

1 minute read

Slower rate cut forecast
January 6 2025

Weekly Cash Commentary

January 3 2025
Markets/Economy .
Article

2 minute read

New year, new issues
January 6 2025

Weekly Bond Commentary

December 20 2024
2025 Outlook .
Article

2 minute read

How Trump's ambitious economic agenda might unfold
January 3 2025

Three things to watch in 2025.

February 5 2025
2025 Outlook .
Article

2 minute read

A gorgeous vista for cash managers
January 2 2025

Three things to watch in 2025.

December 20 2024
Markets/Economy .
Article

6 minute read

A hawkish holiday cut
December 20 2024

As the Fed slows its pace, shoppers are increasing theirs.

December 18 2024
Markets/Economy .
Article

2 minute read

Worrisome trend
December 16 2024

Weekly Cash Commentary

December 6 2024
Markets/Economy .
Article

1 minute read

Much ado about the Fed Chair
December 9 2024

Weekly Cash Commentary

December 6 2024
Markets/Economy .
Article

2 minute read

Economic data mixed
December 9 2024

Weekly Bond Commentary

December 9 2024
Markets/Economy .
Article

6 minute read

Snapback
December 6 2024

Labor market rebounds from October weather and strikes.

December 2 2024
Markets/Economy .
Article

2 minute read

Look before you cut
December 2 2024

Weekly Cash Commentary

December 2 2024
Markets/Economy .
Article

2 minute read

Is inflation uncooperative or incorrigible?
December 2 2024

Weekly Bond Commentary

December 2 2024
Liquidity .
Article

3 minute read

Record high
December 2 2024

Money market assets have reached a new mark.

November 26 2024
Markets/Economy .
Article

6 minute read

Thanksgiving is finally here
November 26 2024

Confidence high and stocks higher as election gives way to holidays.

November 22 2024
Markets/Economy .
Article

2 minute read

Mixed picture
November 25 2024

Weekly Bond Commentary

November 22 2024
Markets/Economy .
Article

2 minute read

FOMC meeting decision is a coinflip
November 25 2024

Weekly Cash Commentary

November 21 2024
Markets/Economy .
Article

4 minute read

Return of 'Animal Spirits'
November 21 2024

Will rising post-election confidence boost holiday sales?

November 20 2024
Markets/Economy .
Article

2 minute read

Liquidity looking good
November 18 2024

Weekly Cash Commentary

November 18 2024
Markets/Economy .
Article

2 minute read

Inflation stays put
November 18 2024

Weekly Bond Commentary

November 12 2024
Equity .
Article

5 minute read

Glide path no more?
November 13 2024

Resurgent inflation and stronger growth render the Fed’s rate-cutting plans uncertain.

November 7 2024
Markets/Economy .
Article

2 minute read

Might the election result slow the Fed's easing cycle?
November 11 2024

Weekly Cash Commentary

November 8 2024
Markets/Economy .
Article

2 minute read

An out-of-the-spotlight FOMC meeting
November 11 2024

Weekly Bond Commentary

November 11 2024
Equity .
Article

3 minute read

Policy Trumps character
November 8 2024

Republicans closing in on 'Red Trifecta.'  

November 22 2024
Monetary Policy .
Article

3 minute read

Chair Powell was vague, until he wasn't
November 8 2024

Powell rebuffed questions about the Fed's future, and his own, but his nebulous comments give the FOMC latitude.

November 4 2024
Markets/Economy .
Article

2 minute read

Jobs, inflation reports show economic strength ahead of Fed meeting
November 4 2024

Weekly Cash Commentary

November 4 2024
Markets/Economy .
Article

2 minute read

Data paints blurry picture
November 4 2024

Weekly Bond Commentary

November 1 2024
Equity .
Article

7 minute read

On the eve of the election, the economy is hot
November 1 2024

Investors, voters and the Fed will likely look past the October jobs report distorted by hurricanes and strikes.

November 4 2024
Politics .
Article

3 minute read

Fuzzy picture
November 1 2024

Noisy data and election uncertainty might slow Fed easing.

October 28 2024
Markets/Economy .
Article

1 minute read

Data, talk about the economy both unhelpful
October 28 2024

Weekly Cash Commentary

October 28 2024
Markets/Economy .
Article

1 minute read

A little change can become a big difference
October 28 2024

Weekly Bond Commentary

October 17 2024
Markets/Economy .
Article

2 minute read

Fed might soon regret its aggressive first cut
October 21 2024

Weekly Cash Commentary

October 17 2024
Markets/Economy .
Article

1 minute read

Economy withstands the storms
October 21 2024

Weekly Bond Commentary

October 18 2024
Equity .
Article

7 minute read

What a difference a month makes
October 18 2024

Will Fed’s data dependency generate market volatility? 

October 11 2024
Markets/Economy .
Article

2 minute read

Hurricanes complicate economic data
October 14 2024

Weekly Bond Commentary

October 11 2024
Markets/Economy .
Article

2 minute read

Fed had serious debate about the September cut
October 14 2024

Weekly Cash Commentary

October 11 2024
Markets/Economy .
Article

6 minute read

Bold bull
October 11 2024

The bullish stock market seems to be overlooking deteriorating fundamentals.

October 4 2024
Markets/Economy .
Article

1 minute read

Well, that was unexpected
October 7 2024

Weekly Cash Commentary

October 4 2024
Markets/Economy .
Article

2 minute read

Robust jobs report might mean the Fed regrets its rate cut
October 7 2024

Weekly Bond Commentary

October 4 2024
Markets/Economy .
Article

2 minute read

Hot Hot Hot
October 4 2024

Robust September jobs report supports view the economy is headed for rotation, not recession.

September 25 2024
Markets/Economy .
Article

2 minute read

Wait and see approach for consumers
September 30 2024

Weekly Bond Commentary

September 25 2024
Markets/Economy .
Article

2 minute read

Fed officials not named Powell take spotlight
September 30 2024

Weekly Cash Commentary

September 30 2024
Liquidity .
Article

4 minute read

Sky high
September 30 2024

Interest rates have fallen, but in the liquidity space, the sky has not.

September 25 2024
Markets/Economy .
Article

7 minute read

The consumer is stressed
September 27 2024

Weakest Back-to-School spending in 15 years.

October 10 2024
Markets/Economy .
Article

1 minute read

A slight surprise with a touch of dissent
September 23 2024

Weekly Cash Commentary

September 19 2024
Markets/Economy .
Article

2 minute read

It all comes down to risk management
September 23 2024

Weekly Bond Commentary

September 19 2024
Equity .
Article

6 minute read

Go big or go home
September 20 2024

Federal Reserve ‘recalibrates’ monetary policy.

September 19 2024
Monetary Policy .
Article

3 minute read

A rate cut that makes you go hmmmm
September 19 2024

The data did not support the large cut, but the Fed did not want to seem behind the curve.

October 9 2024
Monetary Policy .
Article

2 minute read

First Fed cut is a slash
September 18 2024

The Fed’s half-point rate cut shows it still thinks the economy can avoid a recession.

September 13 2024
Markets/Economy .
Article

2 minute read

Fed shifts its focus
September 16 2024

Weekly Cash Commentary

September 13 2024
Markets/Economy .
Article

1 minute read

Better, but is it good enough?
September 16 2024

Weekly Bond Commentary

September 17 2024
Equity .
Article

6 minute read

Is the Fed behind the curve?
September 13 2024

On the cusp of cutting rates, the only unknowns are the pace and magnitude.

September 6 2024
Markets/Economy .
Article

2 minute read

Not that helpful
September 9 2024

Weekly Cash Commentary

September 6 2024
Markets/Economy .
Article

2 minute read

Jobs report weak, but not troubling
September 9 2024

Weekly Bond Commentary

September 5 2024
Markets/Economy .
Article

7 minute read

Labor market slowing across the board
September 6 2024

Fed on track to begin cutting rates later this month.

August 30 2024
Markets/Economy .
Article

2 minute read

Economy lining up just right for a rate cut
September 3 2024

Weekly Bond Commentary

August 30 2024
Markets/Economy .
Article

2 minute read

Markets can't bully the Fed
September 3 2024

Weekly Cash Commentary

September 3 2024
Equity .
Article

5 minute read

Ready! Set! Go!
August 30 2024

Presidential elections typically gather steam after Labor Day.

August 29 2024
Liquidity .
Article

4 minute read

Here we go again
August 30 2024

Markets are yet again pricing in too many Fed cuts.

August 26 2024
Markets/Economy .
Article

2 minute read

Fed minutes and Powell keynote in sync
August 26 2024

Weekly Cash Commentary

August 26 2024
Markets/Economy .
Article

1 minute read

Summer winds down
August 26 2024

Weekly Bond Commentary

August 23 2024
Markets/Economy .
Article

5 minute read

Policy pivot
August 23 2024

Powell adopts dovish tone in his Jackson Hole keynote

August 16 2024
Markets/Economy .
Article

1 minute read

It's all cool
August 19 2024

Weekly Cash Commentary

August 16 2024
Markets/Economy .
Article

2 minute read

Hanging in there
August 19 2024

Weekly Bond Commentary

August 12 2024
Markets/Economy .
Article

5 minute read

Unsustainable trajectory
August 15 2024

Will politicians finally address the ballooning U.S. debt and deficit?

August 8 2024
Markets/Economy .
Article

2 minute read

Roller coaster week
August 12 2024

Weekly Bond Commentary

August 8 2024
Markets/Economy .
Article

1 minute read

Not so fast, or large
August 12 2024

Weekly Cash Commentary

August 2 2024
Markets/Economy .
Article

2 minute read

Woah, Nelly!
August 5 2024

Weekly Cash Commentary

August 2 2024
Markets/Economy .
Article

2 minute read

Labor market surprise
August 5 2024

Weekly Bond Commentary

August 2 2024
Markets/Economy .
Article

7 minute read

Bad news is finally bad news
August 2 2024

Weak jobs report should prompt Fed to cut rates in September.

July 31 2024
Monetary Policy .
Article

4 minute read

The Fed's balancing act
August 1 2024

The FOMC is back to considering both the labor market and inflation equally as it weighs cuts.

July 29 2024
Markets/Economy .
Article

2 minute read

Sound of silence
July 29 2024

Weekly Cash Commentary

July 29 2024
Markets/Economy .
Article

2 minute read

Consumer sentiment steady, but for how long?
July 29 2024

Weekly Bond Commentary

July 26 2024
Markets/Economy .
Article

7 minute read

Economic growth and inflation both higher than expected
July 26 2024

Combination could chill the Fed longer than the consensus believes.

July 19 2024
Markets/Economy .
Article

2 minute read

Data loop-de-loop
July 22 2024

Weekly Bond Commentary

July 18 2024
Markets/Economy .
Article

2 minute read

Central bank convergence?
July 22 2024

Weekly Cash Commentary

July 11 2024
Markets/Economy .
Article

2 minute read

Double vision
July 15 2024

Weekly Cash Commentary

July 11 2024
Markets/Economy .
Article

2 minute read

Two steps forward, one step back
July 15 2024

Weekly Bond Commentary

July 12 2024
Markets/Economy .
Article

6 minute read

See you in September?
July 12 2024

The U.S. economy is slowing and inflation declining, but when will the Fed cut rates?

July 8 2024
Markets/Economy .
Article

2 minute read

State of economy is in the eye of the beholder
July 8 2024

Weekly Bond Commentary

July 8 2024
Markets/Economy .
Article

2 minute read

Mixed bag
July 8 2024

Weekly Cash Commentary

July 3 2024
Markets/Economy .
Article

8 minute read

Bait and switch
July 8 2024

Headline payroll strength hides weaker details.

July 1 2024
Markets/Economy .
Article

1 minute read

Back and forth
July 1 2024

Weekly Bond Commentary

July 1 2024
Markets/Economy .
Article

2 minute read

Hard to tell
July 1 2024

Weekly Cash Commentary

July 1 2024
Liquidity .
Article

4 minute read

Much to celebrate, much to discuss
July 1 2024

A gathering of professionals acknowledged five decades of money funds and sifted through issues in their future.

June 28 2024
Markets/Economy .
Article

5 minute read

Train wreck
June 28 2024

The presidential debate may be the only one in the election cycle.

November 21 2024
Fixed Income .
Article

3 minute read

Bonds are back in the black!
December 5 2023

Three things to watch in 2024.

October 25 2023
Equity .
Article

8 minute read

The remarkable consumer
October 20 2023

A surprisingly strong economy could mean higher for longer, longer

September 20 2023
Markets/Economy .
Article

2 minute read

About that auto strike
September 20 2023

At the end of the day, it'll be a gift for competitors.

August 3 2023
Liquidity .
Article

4 minute read

New rules, same role
August 1 2023

The new regulations for money funds don't change their value proposition.   

July 26 2023
Equity .
Article

7 minute read

Summertime...
July 21 2023

Might a summer storm lie ahead for investors? 

July 21 2023
Markets/Economy .
Article

3 minute read

Don't forget Mac and Mae
July 17 2023

MBS issued by U.S. housing agencies could have advantages for investors if the economy slows.

June 28 2023
Markets/Economy .
Article

5 minute read

Devil's advocate
June 23 2023

Could energy buck conventional wisdom?

June 28 2023
Equity .
Article

9 minute read

Is it a bubble?
June 16 2023

If it is, bubbles can last a long time.

August 12 2022
Markets/Economy .
Article Waiting to exhale
August 15 2022

Weekly Bond Commentary

August 12 2022
Markets/Economy .
Article Beyond the headline
August 15 2022

Weekly Cash Commentary