Tag Archives: inflation

June Rate Hike Said Unlikely as Economy Improves

If The Fed Chair Speaks Late On a Friday Afternoon Before a Long Weekend, Investors Should Still Listen If the economy continues to improve as expected, the first hike will come in 2015: “It will be appropriate at some point … Continue reading

Posted in Economy, Equity, Fixed Income, Markets | Tagged , , , , | Leave a comment

Listening Closely to Janet Yellen (It’s Not about Equity Valuations)

In a question and answer session with the IMF’s Christine Lagarde last week, Fed Chairman Janet Yellen made a number of statements about systemic risks, but the media highlighted her equity valuation soundbite – that valuations “are at this point … Continue reading

Posted in Economy, Markets | Tagged , , , , , , , , | Leave a comment

Congress and the Economy Advance, Market Takes a Breather

Both the House and Senate passed budget resolutions but they still have to reconcile them. This is huge progress relative to the gridlock that prevailed in prior years. Additionally, the House passed “doc fix” legislation, which will end the annual … Continue reading

Posted in Economy, Equity, Markets | Tagged , , , , , | Leave a comment

Dovish Fed Resets Outlook For Risk Assets

The market’s initial reaction to Wednesday’s FOMC meeting was consistent with a dovish interpretation. U.S. Treasury yields declined and the dollar underperformed. However, as market participants digest the information, much of the initial moves have been retraced. Following the meeting … Continue reading

Posted in Economy, Industry Insights, Markets, Multi Asset | Tagged , , , , , , , | Leave a comment

Strong Jobs Report: Good for the Economy, Bad for Investors

Last week the Labor Department released another very strong jobs report.  That was good news for the economy, but bad news for investors.  Payroll employment rose 295k, with revisions of -18k and the trailing 6-month average of 293k is at a … Continue reading

Posted in Economy, Industry Insights, Markets | Tagged , , , , , , , , , , , ,