Insights

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

Investors have begrudgingly capitulated to a still-hawkish Fed.

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

Combined with persistent inflation, Fed likely to remain vigilant.

The Fed may pause this year, but a pivot is unlikely.

The economy is facing stronger headwinds than the markets realize.

Comparing the cost of becoming an adult across decades.

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

Fundamentals suggest stocks could correct in the coming months before rallying into year-end.

The surge of hires in January likely keeps the Fed in hawk mode.

The market is dismissing the Fed's determination to defeat inflation.

Decent headline gross domestic product growth belies weakness in several core components.

Inflation cooling but labor market remains healthy.

Two market indicators suggest equities could enjoy a better year. 

But the ISM services decline was a bigger story.

Three things to watch in 2023.

Three things to watch in 2023.

Three things to watch in 2023.

Consumers are showing restraint amid still-high inflation.

The Fed pushes back against market expectations.

A quick visit lifted spirits. Will Santa do the same for the markets?

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

College costs have soared. 

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

The Fed can't like the strong job growth and surge in wages in November.

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

Municipal securities have much to offer if the economy slows.

But it's a lot more expensive this year.

Many reasons for a rally but don't expect it to last.

Maybe everyone, including markets, could use a little boring.

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

Solid week of employment data keeps Fed aggressive.

And it doesn't look like the Fed is planning one anytime soon.

Investors may seek cover in value stocks.

Consider the big picture when assessing markets ... and life.

Hawkish Fed prompts us to lower our GDP growth estimates.

Consumer staples come out on top.

Investors bracing for a challenging third-quarter earnings season.

Dividends hold up against volatility.

This market has been in a bad place for some time.

Whether or not this bear market survives October, investors will face an unnerving environment.

The sun's not the only thing that's hot in Hawaii these days.

Disasters all over have markets on edge.

Fed Chair Powell reiterates hawkish Jackson Hole message.

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

Control results weak, but school shopping solid.

Amid this week's chaos, good vibes in visits to Atlanta and Nashville. 

Impacts on the liquidity markets may flow slowly.

Queen Elizabeth II was a constant in a world of turmoil. 

Monetary policy works with a lag.

Fed rates expected to go longer and higher.

Perhaps Wall Street can take a cue from Main Street and just chill.

 Cash has become a compelling asset class.

The dollar has been on the rise. What’s the implication for U.S. investors?

Fed Chair uses Jackson Hole keynote to reset investor expectations. 

'70s stagflation made many people grumpy, which is why no one wants a repeat.

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

Risk assets remain on standby.

A lot is riding on a Fed pivot.

Quantitative tightening puts pressure on risk assets.

Hot July jobs report keeps Fed on warpath against inflation.

Continuing rally hopes face structural inflation headwinds.

Seeking opportunities amid volatility.

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

Uncertainties casting doubt on the rally.

How supply-chain issues have driven up values.

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

It's inflation versus recession with the Fed in the starring role.

Rising recession risk favors defensive dividend stocks, cash and Treasuries.

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

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

Inflation and recession face off as the market weighs which is worse.

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.

Could it be setting investors up for a glorious winter?

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

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

Markets are adjusting to the new Fed regime.

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

Nearing level to leg back in but staying defensive as Fed attempts 'rocky landing.'

Can the Fed negotiate a soft landing?

Consumer Price Index surges to a new 40-year high.

Helpful qualities in a market that's distributing so much pain.

Watch for maximum hawkishness from the Fed.

Contradictory data offers something for optimists and pessimists.

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.

Consumers powered the recovery and markets. Will they hold up? 

Stagflation and recession risks growing.

Consumers may hold the key to whether it's a recession or "softish" landing. 

The U.S. should ramp up energy production.

Cash tops shopping list but other possibilities starting to look promising.

Our bias is to add to risk. We’re just not there … yet.

War-driven food crisis could spawn destabilizing uprisings all over.

The news on earnings and the economy is good. Markets don't care.

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.

Unrelenting demand presents challenges as Fed seeks to unwind price pressures.

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.

Inflation that moderates but stays elevated can be a problem.

Inflation likely to peak in 2022. 

Bonds wrestle with pricing Fed, war and inflation outcomes.  

The only question for investors: at what cost?

Russia-Ukraine conflict taking its toll.

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

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