Market Still Undershooting Fed Communication

by | Aug 15, 2023 | Blog, Bonds

Global central bankers will gather later this month in Jackson Hole, WY for their annual meeting. We anticipate markets will seek to understand Powell’s desire to push back on market pricing that the Fed will cut its key rate to around 4% by January 2025 from its...

Yields Rising, and a Curveball!

by | Aug 1, 2023 | Blog, Bonds

Rise in Interest Income is Helping Buoy the Consumer   The increase in interest rates over the last 15-18 months has made it is more expensive to borrow money but on the flip side, they have higher yielding options to put cash to work.   Source: WSJ as of...

The Fed is Still on Alert

by | Jul 19, 2023 | Blog, Bonds

With many declaring the Fed’s work done, we thought it made sense to discuss the challenges that still remain in this hiking cycle. The headline inflation numbers have been hammered down, but underlying conditions still give them the backdrop to try putting the...

The Market in Pictures, June 30

by | Jun 30, 2023 | Blog, Charts

Our team looks at a lot of research throughout each day. A few charts that caught our eye this week, and the way they fit the unfolding puzzle of evidence:   John Luke: The cleanest story since the October low has been decelerating headline inflation, which lines...