Insights

5 minute read

The Fed does what it must and the everything rally resumes.

3 minute read

Fed policy path and bond market pricing hinge on job creation versus a lift to inflation.

3 minute read

When the Fed lowers rates, liquidity yields often decline more gradually than those in the direct market.

4 minute read

Conspicuous dissent aside, the Federal Reserve reached a consensus to cut rates by a quarter point.

7 minute read

The Federal Reserve is poised to relaunch its rate-cutting cycle.

3 minute read

BLS overstated employment for the last 12 months by nearly 1 million jobs, a revision all but ensuring a rate cut.

9 minute read

Sticking with our 'broadening out' call despite the caution the Fed’s cracked rearview mirror demands.

5 minute read

Trump’s pressure on the Fed notwithstanding, the money markets have much to celebrate.

3 minute read

Political pressures persist and markets assume the resumption of rate cuts

6 minute read

Not all points of the yield curve respond equally to Federal Reserve rate cuts.

4 minute read

Fed’s Powell opens door to rate cut in Jackson Hole symposium speech.

4 minute read

The tariffs are unlikely to lead to persistent inflation.

4 minute read

Cracks in the labor market were evident well before the most recent BLS jobs report.

6 minute read

Trailing hard data catching up to yesterday’s soft data, even as today’s soft data signals rebound.

8 minute read

Weak July jobs report increases odds of a Fed rate cut.

4 minute read

Fed holds rates, and Chair Powell sidesteps President Trump's pressure.

3 minute read

The Fed’s inflation concerns still outweigh indications of softening growth

8 minute read

Chair Powell on the hot seat.

6 minute read

With noise levels still high, certainty on policy remains elusive.

7 minute read

Stocks are on a tear, but investors may consolidate gains.

6 minute read

Short-term risk-on distractions should give way to long-term economic reality.

3 minute read

US hard data will likely weaken in coming months prompting a resumption of Fed easing.

3 minute read

Facing criticism and uncertainty, Fed Chair Powell makes things worse by dismissing the SEP.

7 minute read

Sticking with our long-term bullish call on stocks.

7 minute read

Central bank waiting for fiscal and geopolitical policy developments to unfold before cutting rates.  

4 minute read

The question: Has Moody’s downgrade of the US credit rating impacted money market funds?

3 minute read

Competing economic dynamics have made the European Central Bank’s work challenging. 

10 minute read

Stock market returning to normal sailing conditions as we emerge from the Straits.

3 minute read

For now, Trump is 'just' insulting Fed Chair Powell, as the Treasury market has pushed back. 

7 minute read

Labor market remains solid, despite tariff uncertainty.

4 minute read

Many crosscurrents are affecting US rates

5 minute read

Trump's policy reversals buoy markets.  

3 minute read

A number of factors are likely prompting the move

2 minute read

The stability of the money markets is shining amid the greater financial turbulence.

6 minute read

Bonds display quiet strength as markets back away from risk.

5 minute read

Fed stays in wait-and-see mode, but makes major changes to its forecast

3 minute read

'Uncertainty' dominated the FOMC meeting this week.

8 minute read

As a soft patch emerges, opportunity to add to stocks is getting closer.

5 minute read

How the emerging trade war might impact the US economy and equities.

4 minute watch

There are many reasons why the Fed is likely to keep rates higher for longer.

4 minute read

The rally broadens.

10 minute read

Staying long-term positive through choppy waters.

3 minute read

For liquidity investors, the Fed decision to pause cuts matters more than Powell and Trump locking horns.

2 minute read

The Fed kept rates steady, and Chair Powell kept his distance from Trump.  

7 minute read

Preparing for volatility while staying positioned for a positive long-term outcome.

5 minute read

A variable order of events will influence bond markets

2 minute read

Three things to watch in 2025.

2 minute read

A small number of people could have a large impact on the economy in 2025.

2 minute read

While it cut rates, uncertainty about Trump policies seem to give the Fed pause.

5 minute read

Moving more money out of Europe/Japan to US and emerging markets.

6 minute read

A look at the impact Trump's potential policies might have on international markets. 

5 minute read

Resurgent inflation and stronger growth render the Fed’s rate-cutting plans uncertain.

10 minute read

Deciphering the outlook will depend on understanding we are in a chess game.

3 minute read

Republicans closing in on 'Red Trifecta.'  

3 minute read

Powell rebuffed questions about the Fed's future, and his own, but his nebulous comments give the FOMC latitude.

2 minute read

Federated Hermes CIOs react to the U.S. election.

3 minute read

Noisy data and election uncertainty might slow Fed easing.

9 minute read

All five worries on the wall are fading as year-end approaches.

2 minute watch

2025 will come with clarity on interest rates and politics.

3 minute read

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

3 minute read

Three things to watch in 2024.