This week the Federal Reserve is expected to do what they first hinted at 11 months ago – to cut interest rates. They have already declared "mission accomplished" in their inflation fight. The market is programmed to initially celebrate any sign of Fed policy easing. On paper it makes sense. If
It’s hard to believe it’s been 23 years since the terrorist attacks on our country. Today we take a break from the market and economic discussions to reflect on today’s somber anniversary.
Have we forgotten what happened 23 years ago?
(This post was originally published September 10,
A year ago, the stock market was in the midst of a 10% correction over fears the economic data was too strong, which meant the Fed was going to continue in their inflation fight. The sell-off started when the Fed hiked rates after a one meeting pause. The sell-off didn't
Long weekends are a good time to relax, reflect, and plan. Historically the end of Labor Day weekend also marked the time the 'head honchos' from Wall Street returned to the office with fresh ideas and some big portfolio adjustments to make. With everyone able to work remotely now, I'm
“My confidence has grown that inflation is on a sustainable path back to 2%"
“The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks."
"We do not seek or welcome further cooling in
