by John Luke Tyner | Mar 17, 2022 | Blog, Macro Updates
And…We Have Lift Off As expected, the Fed raised the overnight target rate 25 bps to 0.25% – 0.50%. The market had priced seven hikes this year prior to the meeting, and the Fed delivered. For some time now, the market has been pulling the Fed in its...
by David Wagner | Mar 15, 2022 | Blog, Macro Updates
Let the March Madness begin! As you may know, Aptus has six (6) employees that played D-1 College Basketball at UNC Wilmington, UA-Huntsville, and Wright State. The latter of the group is the only one to make the tournament this year and will be playing Wednesday...
by John Luke Tyner | Jan 27, 2022 | Blog, Macro Updates
Source: BofA, Data as of 1/27/01 As expected, the Fed kept rates in the 0.00-0.25% range during the January meeting. Chairman Powell pointed to a high likelihood of a rate hike being “relatively soon” based on the continuation of the strong labor market (unemployment...
by John Luke Tyner | Oct 29, 2021 | Blog
The yield curve had a massive flattening this week. The short end of curve rose sharply while the long end of the curve declined by nearly the same amount. Simply put, the short end of the curve is moving up based on the market’s expectations of an early rate hike...
by John Luke Tyner | Oct 25, 2021 | Blog
Fed Chairman Powell’s four-year term ends on February 5th, 2022. Historically, appointments (by the President) are typically made in October or early November for upcoming February openings. The reason for the timing is that the nomination needs to go through the...
