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Monetary Policy
February 23 2024
Fixed Income .
Video

1 minute watch

In the driver’s seat
February 23 2024

Income and duration lead total return potential.

February 22 2024
Markets/Economy .
Article

4 minute read

Sun setting on the tightening cycle
February 1 2024

The Fed removed its tightening bias, opening the door to rate cuts.

February 1 2024
Markets/Economy .
Article

3 minute read

Small caps poised for a big rebound
February 1 2024

After a bumpy 2023, small-cap U.S. stocks are in a good place.

January 18 2024
Monetary Policy .
Video

2 minute watch

Focused on the Fed
January 19 2024

 Investors and markets differ in their expectations for rate cuts.

January 26 2024
2024 Outlook .
Article

9 minute read

More exciting looking up from below
January 5 2024

The Santa Claus Rally advanced most of our 2024 market call into 2023, but there’s plenty of room left for stock pickers as the market rally broadens.

January 2 2024
2024 Outlook .
Article

3 minute read

A year of intrigue
January 2 2024

Three things to watch in 2024.

December 21 2023
2024 Outlook .
Article

3 minute read

Will stocks and elections correlate again?
December 21 2023

Three things to watch in 2024.

December 14 2023
Monetary Policy .
Article

2 minute read

Meeting the markets halfway
December 13 2023

The Fed now projects rate cuts in 2024, just not as many as the markets have.

December 8 2023
Markets/Economy .
Article

6 minute read

Rebound in household jobs
December 8 2023

Fed rate cuts not coming anytime soon.

December 8 2023
2024 Outlook .
Article

3 minute read

Bonds are back in the black!
December 5 2023

Three things to watch in 2024.

December 1 2023
Markets/Economy .
Article

7 minute read

Stick a fork in it
December 1 2023

As the economy slows across the board, the Fed is done hiking rates.

December 1 2023
Liquidity .
Article

4 minute read

Cutting through the noise
December 1 2023

The markets have swung too far by forecasting multiple Fed rate cuts in 2024.

November 17 2023
Politics .
Article

5 minute read

Shot across the bow?
November 17 2023

Despite Biden’s terrible polling, Democrats performed well in off-year elections, which should worry the GOP.

November 6 2023
Markets/Economy .
Article

5 minute read

Out of the woods?
November 7 2023

Financial markets rally on perceived Fed pause.

November 2 2023
Monetary Policy .
Article

2 minute read

A focused Fed
November 1 2023

The Fed didn't hike. That doesn't mean it's done.

November 1 2023
Liquidity .
Article

3 minute read

Wait and see
November 1 2023

The Fed wants more time and data as it looks to December's meeting.

October 27 2023
Markets/Economy .
Article

6 minute read

Blowout third quarter GDP
October 27 2023

Will it keep the Fed in play?

September 28 2023
Monetary Policy .
Article

3 minute read

Changing the game plan
October 2 2023

Yet another shift in the Fed's SEP has the markets again playing defense. 

September 25 2023
Monetary Policy .
Article

6 minute read

Goldilocks and the Federal Reserve
September 22 2023

Fed plans to keep interest rates higher for longer.

September 20 2023
Monetary Policy .
Article

2 minute read

Proceeding carefully
September 20 2023

The Fed opts against raising rates, but doesn't rule out another hike this year.

September 1 2023
Monetary Policy .
Article

4 minute read

Pushback
September 1 2023

Fed Chair Powell addressed inflation targets and market expectations in Jackson Hole.  

August 25 2023
Monetary Policy .
Article

5 minute read

Higher for longer
August 25 2023

Powell uses Jackson Hole keynote to reiterate Fed’s vigilance to lower inflation.

August 11 2023
Equity .
Article

4 minute read

How much do 'long and variable lags' matter?
August 14 2023

The evidence so far suggests not a lot. 

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
Monetary Policy .
Article

2 minute read

Middle ground
July 26 2023

With the impact of its tightening still not apparent, the Fed opted for another modest rate hike. 

July 25 2023
Liquidity .
Article

3 minute read

An altered landscape for money funds
July 13 2023

The positives and negatives of the new SEC money market amendments. 

July 11 2023
Inflation .
Video

2 minute watch

History as a guide
July 7 2023

A mild recession may be inevitable.

July 3 2023
Monetary Policy .
Article

3 minute read

Falling in line
July 3 2023

The markets have finally listened to hawkish Fed speak.

June 26 2023
Monetary Policy .
Article

4 minute read

Central bank divergence
June 28 2023

As global central banks take different paths, where might investors look?

June 14 2023
Markets/Economy .
Article

2 minute read

Preparing for the next step
June 14 2023

The Fed skipped a rate hike but suggested more could come. 

June 2 2023
Markets/Economy .
Article

7 minute read

Tale of two labor markets
June 2 2023

A hot headline increase of 339,000 jobs in May but colder details put Fed in wait-and-see mode.

June 14 2023
Markets/Economy .
Article

3 minute read

The coming deluge
June 1 2023

Following the official suspension of the federal debt limit, expect the U.S. Treasury to issue a massive amount of securities.

May 22 2023
Monetary Policy .
Video

1 minute watch

Don't fight the Fed
May 19 2023

While the markets seem to expect the Fed to reverse course, rates may stay higher for longer.

June 13 2023
Fixed Income .
Article

2 minute read

Bonds are (still) back
May 18 2023

And the case for bond returns is getting stronger.

May 4 2023
Equity .
Article

6 minute read

'Not worried, but ...'
May 4 2023

Looming risks make it hard to assess where markets go next.

May 3 2023
Monetary Policy .
Article

2 minute read

Could the latest be the last?
May 3 2023

The Fed raised rates again, but hinted it soon might be time to take a breather.

July 5 2023
Markets/Economy .
Article

4 minute read

Capital inflows
May 1 2023

What's behind the substantial rise in assets of money market vehicles?

May 16 2023
Markets/Economy .
Article

5 minute read

Bulls running out of air; bears running out of time
April 28 2023

With volatile markets ahead, stocks enter a period of limbo.

April 28 2023
Markets/Economy .
Podcast

43 minute listen

Putting the inflation genie into its lamp


April 26 2023

Stubborn inflation, strong consumption data and a robust labor market are clouding the economy’s path.

April 28 2023
Fixed Income .
Video

2 minute watch

On the upswing
April 21 2023

Investors may find value in high-quality bonds.

April 28 2023
Fixed Income .
Video

1 minute watch

Strains in the system
April 13 2023

Banking sector turmoil has raised recession risks.

April 28 2023
Markets/Economy .
Article

7 minute read

Inflection point?
April 7 2023

Fed rate hikes finally may be starting to bite.

April 28 2023
Liquidity .
Article

3 minute read

One Fed, two jobs
April 3 2023

The Federal Reserve’s dual function as regulator and policy-setter has been on display.

April 28 2023
Equity .
Article

6 minute read

A rock and a hard place
March 24 2023

Will the Federal Reserve pivot from its fight against inflation?

May 30 2023
Equity .
Article

7 minute read

'We stay in our lane'
March 24 2023

Not all regional banks are caught up in the turmoil. 

April 28 2023
Monetary Policy .
Article

3 minute read

Balancing act
March 22 2023

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

April 28 2023
Markets/Economy .
Article

6 minute read

Is real estate the frog in the pot?
March 21 2023

Simmering post-pandemic issues are raising the temperature.

April 28 2023
Equity .
Video

1 minute watch

Rate regime recovery
March 21 2023

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

August 24 2023
Liquidity .
Article

6 minute read

Next steps
March 14 2023

The Fed’s response to the collapse of SVB puts pressure on the Treasury and the FOMC decision next week.

April 28 2023
Markets/Economy .
Article

2 minute read

Robust jobs report puts air under wings of Fed hawks
March 10 2023

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

April 28 2023
Markets/Economy .
Article

3 minute read

Can small-cap value keep it going?
March 8 2023

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

April 28 2023
Markets/Economy .
Article

7 minute read

Dr. Jekyll and Mr. Market
March 3 2023

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

April 28 2023
Liquidity .
Article

4 minute read

Coming to terms
March 1 2023

Investors have begrudgingly capitulated to a still-hawkish Fed.

DISCLOSURES

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