6 minute read
If the future keeps bond investors awake at night, the present is complicated too.
2 minute read
Weekly Cash Commentary
5 minute read
But midterm elections and Fed leadership transition could spark volatility.
Sue Hill provides her insight after the anticipated December FOMC meeting, along with what is expected from the Fed in 2026.
Data-dependent bond markets shrugged off uncertainty to end a strong year.
1 minute read
The federal government shutdown is not the same as it reaching the debt limit.
The Fed did not issue a 50 basis-point rate cut like last year but clearly has resumed its easing cycle.
Trump’s pressure on the Fed notwithstanding, the money markets have much to celebrate.
There are no short cuts when it comes to excellence in service.
With inflation under control, the Fed should cut rates twice later this year.
4 minute read
The question: Has Moody’s downgrade of the US credit rating impacted money market funds?
7 minute read
Equity and fixed-income investors are responding differently to tariff and fiscal policy uncertainty.
Solid US economic data also helps as equities reverse their April freefall.
3 minute read
For now, Trump is 'just' insulting Fed Chair Powell, as the Treasury market has pushed back.
Import surge pushes first-quarter GDP into the red.
Labor market remains solid, despite tariff uncertainty.
Trump's policy reversals buoy markets.
Should investors focus on solid hard data or weak soft data?
The stability of the money markets is shining amid the greater financial turbulence.
Calculated well before the tariff announcement, the US added a robust 228,000 jobs in March.
Total US money fund assets push past $7 trillion.
Concern about Trump’s tariffs and sticky inflation seem to be deflating consumer confidence.
Fed stays in wait-and-see mode, but makes major changes to its forecast
'Uncertainty' dominated the FOMC meeting this week.
7 minute watch
Sue Hill breaks down Fed decision-making in 2025 and the impact on local government investment pools.
Bessent preaches short-term pain for long-term gains.
Maybe the Fed’s not done cutting rates this year, after all.
Market intervention should subside under the new SEC leadership.
Financial markets roiled by developments in D.C.
On the back of solid holiday retail sales, January's were dismal.
The rally broadens.
New year starts with hiring and wage growth.
For liquidity investors, the Fed decision to pause cuts matters more than Powell and Trump locking horns.
Revisions are possible due to inventory and trade data.
Three things to watch in 2024.
MBS issued by U.S. housing agencies could have advantages for investors if the economy slows.
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