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Weekly Cash Commentary
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From a subpoena to a nomination, the Fed dominated the financial headlines.
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Policy fog now begins to lift after this week's rate-cut pause.
With attractive yields and solid credit, demand for corporate bonds continues to be strong.
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We think GDP growth could reach 3.3% in 2026.
If the future keeps bond investors awake at night, the present is complicated too.
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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.
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.
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The question: Has Moody’s downgrade of the US credit rating impacted money market funds?
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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.
Import surge pushes first-quarter GDP into the red.
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.
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.
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