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 beats (hawkish Fed, strong jobs, surprise bank failure) keep coming.

Supply and demand dynamics are supporting the municipal bond market.

As long as Americans keep spending, higher for longer may rule the day.

The economy is facing stronger headwinds than the markets realize.

Comparing the cost of becoming an adult across decades.

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

Three things to watch in 2023.

Consumers are showing restraint amid still-high inflation.

The Fed pushes back against market expectations.

Municipal securities have much to offer if the economy slows.

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

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.

And they may get it as midterms seem to be trending the GOP's way.

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.

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.

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

Three reasons the dollar has reached parity with the euro. 

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

Fed policy shift should cool the housing market.

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

Stagflation and recession risks growing.

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

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

Consumers and businesses don't seem to mind too much ... yet.

Washington policies helped to create runaway inflation.

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

Bonds wrestle with pricing Fed, war and inflation outcomes.  

A host of negative factors could end the recent rally.

R.J. Gallo, Susan Hill and Phil Orlando weigh in on the latest Fed action and inflation expectations. 

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