If Not March, When? Welp, Federal Reserve Chair Jerome Powell and a hot jobs report poured cold water on the odds of a March policy rate cut, so back to the drawing board we go. Data dependence will be the name of the game for investors trying to predict when the elusive first rate cut…Read more
The Cuts Go Marching One by One This meeting was not expected to produce any changes in policy rates, and that was indeed the case. Perhaps this meeting can be described as the opposite of the popular saying: words speak louder than actions. We did get confirmation that most FOMC members do expect to cut…Read more
Surprising Strength There’s plenty to potentially weigh on the world economy this year: persistent inflation, high interest rates, economies teetering at the brink of recession, war, and concerns about energy costs. But according to the International Monetary Fund, there’s reason to be optimistic. The institution raised its global growth forecast this week, partly because of…Read more
