Insights

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

Simmering post-pandemic issues are raising the temperature.

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

The still hot labor market all but ensures the Federal Reserve stays aggressive.

The recent pullback after a strong start to ’23 may be just a breather.

U.S. equity and fixed-income markets are pointing in different directions.

Investors have begrudgingly capitulated to a still-hawkish Fed.

Supply and demand dynamics are supporting the municipal bond market.

As the Fed slows rate hikes, the ECB is staying the course.

The global economic picture is setting up to look a lot like last year's.

Inflation, consumer strength move bonds closer to the Fed. Stocks still keeping some distance.

The economy is facing stronger headwinds than the markets realize.

Signs suggest Europe’s economy might avoid a serious downturn.

And that's creating challenges for fixed-income positioning.

We're probably not yet at a "just right" stage for stocks, especially of the growth variety.

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

Inflation cooling but labor market remains healthy.

Two market indicators suggest equities could enjoy a better year. 

Three things to watch in 2023.

Three things to watch in 2023.

Three things to watch in 2023.

The Fed pushes back against market expectations.

Silvia Dall’Angelo, Donald Ellenberger and Steve Chiavarone discuss global inflation and whether the markets have already priced in a recession. 

The U.S. economy is slowing across the board.

You have to ask: is he here to hurt or help?

FOMC voters must stick to the data to make their next decision on rates.

Potential recession is likely to be mild.

Emerging markets stayed strong during rate hikes.

Securities are flowing back into the marketplace.

Money market funds reflect rate hikes.

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

Solid week of employment data keeps Fed aggressive.

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.

Hawkish Fed prompts us to lower our GDP growth estimates.

Numerous factors affect our outlook. 

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.

Relatively healthy jobs report keeps Fed hiking rates.

 Cash has become a compelling asset class.

Fed Chair uses Jackson Hole keynote to reset investor expectations. 

Bears and bulls facing off on what the Fed may do.

A lot is riding on a Fed pivot.

Next month will mark a half-year of hikes, time enough to evaluate their impact.

But high inflation and Fed tightening are taking us closer.

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.

Investors may anticipate Fed actions.

Hot inflation, stagflation concerns, recession fears and a hawkish Fed.

Three reasons the dollar has reached parity with the euro. 

Finding opportunities in a rising-rate environment. 

Markets might be setting up for '70s' era modest returns.

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

Consumers will play a large role in determining the depth of the global recession.

What do the Fed and impact investing have in common?

Unfortunately for workers, wage inflation at heart of Fed tightening.

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

Can the Fed negotiate a soft landing?

Fed should give investors no reason to stray from short-duration, value strategies.

Watch for maximum hawkishness from the Fed.

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

With a 50 basis-point hike, the Fed hopes to stick it to inflation. 

The Fed rate cycle and the SEC money fund reform process are ready to begin in earnest.

More rate hikes would favor cash, floating-rate securities and value stocks.

The Fed's abundant messaging has the market doing its work for it.

Russia’s invasion, higher energy costs, soaring inflation, hawkish Fed…

Inflation likely to peak in 2022. 

Bonds wrestle with pricing Fed, war and inflation outcomes.  

The only question for investors: at what cost?

A host of negative factors could end the recent rally.

Year-end S&P forecasts for 2022 and 2023 lowered to 4,800 and 5,100.

The Treasury yield curve isn't matching the futures market’s view of rate hikes.

Market risks stay skewed to upside but inflation and possible policy errors lurk.