The Market in Pictures, July 3

Our team looks at a lot of research throughout the day. Here are a handful that we think are good summations of investor activity, from low quality and high quality stocks to the state of the US consumer, and projections for rates and the relentless appetite for US...

The Market in Pictures, June 27

Our team looks at a lot of research throughout the day. Here are a handful that we think are good summations of investor activity, from market momentum to lack of credit compensation, to rates and US dollar moves and housing. Enjoy!   Jake: The return to new...

June 2025 FOMC

As expected, the Fed opted to hold interest rates steady for the fourth consecutive meeting in a range of 4.25% to 4.50%. The latest Summary of Economic Projections (SEP) shows an expectation for higher inflation and slower growth, resulting in no change to the median...

May FOMC: A Pause for Thought

→ FED SAYS UNCERTAINTY ABOUT OUTLOOK HAS ‘INCREASED FURTHER’ → FED: RISKS OF HIGHER UNEMPLOYMENT, HIGHER INFLATION HAVE RISEN → FED HOLDS BENCHMARK RATE IN 4.25%-4.5% TARGET RANGE   Source: Bloomberg as of 05.7.2025   The Fed has cut the fed funds...

FOMC is Waiting for Clarity, Too

Fed Waiting, Like the Rest of Us   The Federal Open Market Committee (FOMC) met this week, deciding to leave the reserve rate unchanged as expected (a unanimous decision amongst voters). The Fed’s so-called “dot plot,” which projects participants’ expectations...