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Fed Raises Rates

September 18, 2026 The Federal Open Market Committee (FOMC) raised the federal funds target range by a quarter point on

Fed Faces Tough Rate Decision

September 11, 2026 Inflation data took center stage this week ahead of next Wednesday’s Federal Open Market Committee (FOMC) and

Jobs Data Shifts Fed Outlook

September 4, 2026 The prior week’s Jackson Hole keynote by new Federal Reserve Chair Kevin Warsh struck a more hawkish

Fed Signals Patience

August 28, 2026 Federal Reserve Chair Kevin Warsh delivered his first Jackson Hole address this morning, placing inflation firmly at

Labor Market Softens

August 7, 2026 The July employment report was the week’s dominant story as U.S. employers unexpectedly cut jobs during the

Fed Holds Amid Mixed Signals

This week included the much-anticipated Federal Open Market Committee meeting concluding on July 29th. The Federal Reserve held its policy

March 2021 – Bond Market Review

Estimates for US gross domestic product (GDP) growth this year have been revised higher. The current Bloomberg consensus estimate for 2021 US GDP growth is 5.5% (following a 3.5% decline last year). Although the labor market is still a long way from a full recovery, robust fiscal support should help support the economy in the near-term. During 2020, Congress approved about $3.6 trillion in COVID-19 fiscal relief and the passage of an additional $1.9 trillion relief package is imminent. The White House is also crafting a proposal for an approximate $2 trillion infrastructure spending plan. Meanwhile, Fed policymakers remain dovish and monetary policy remains highly accommodative. Moreover, the vaccine rollout is accelerating at a faster than expected pace. Altogether, we believe these factors could set the economy up for a fairly strong second half of the year.

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