Insights

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

But banking issues brought to the fore this week are discomforting.

The words of the day are “caution” and “patience.”

Supply and demand dynamics are supporting the municipal bond market.

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

The economy is facing stronger headwinds than the markets realize.

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

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

Persistent inflation and the Fed’s efforts to fight it will lead to a mild recession, but investors can find opportunities across equity, fixed income and cash.

Rancor aside, with ‘extraordinary measures’ the debate over the U.S. debt limit has time to be resolved.

2022 was all about rates; this year is more nuanced.

Three things to watch in 2023.

Three things to watch in 2023.

The Fed pushes back against market expectations.

Pessimistic markets are pricing in low recovery conditions.

China may prioritize security in the global economy.

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

Municipal securities have much to offer if the economy slows.

Emerging markets stayed strong during rate hikes.

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

A weakening dollar and other trends bode well for EM debt.

Fed Chair Powell indicates the pace of hikes is not as crucial as arriving at the right place.

As they bide their time, investors should focus on strengthening portfolios.

With peak yields in sight, better times may be too.

With sharp increases in rates and projections, the Fed intends to guide the markets. 

The housing market slowdown is a correction, not a crisis.

Risk assets remain on standby.

Quantitative tightening puts pressure on risk assets.

Ways to position for the market ahead.

Seeking opportunities amid volatility.

The Fed raises interest rates by 0.75% for the second month in a row.

Investors may anticipate Fed actions.

After years of playing defense, it's time to think offense.

Three reasons the dollar has reached parity with the euro. 

Municipalities can build on tax revenues.

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

Up, but until there is more clarity, maybe not much.

The asset-backed securities market continues to shine.

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.

Bonds wrestle with pricing Fed, war and inflation outcomes.