We expect the Fed to hold its overnight policy rate within the current range of 3.75% to 4.0% at its Wednesday meeting. … READ MORE >
Market Minute
Market Minute: Get ready for a consequential week
Next week’s economic releases and policy decisions will affect asset pricing and expectations for interest rates. … READ MORE >
Market Minute: France is in a bind. Is there a way out?
What is occurring in France is likely a preview of coming attractions across the G-7 and potentially the United States. … READ MORE >
Market Minute: The American term premium in three easy pieces
The U.S. term premium eased over the past week as investors moved into fixed income positions amid the selloff in technology-affiliated equites. … READ MORE >
Market Minute: This time is not different
Whenever a transformative technology is introduced, there will be malinvestment. Eventually, the bond market imposes discipline. … READ MORE >
Market Minute: Financial conditions and the Fed’s work
After a year of near complacency, our RSM US Financial Conditions Index declined to less than 0.3 standard deviations from normal levels of risk. … READ MORE >
Market Minute: The energy shock has miles to go
Miles driven usually peaks in the middle of the summer, but this year, that number has steadily fallen compared to last year. … READ MORE >
Market Minute: U.S. agriculture is losing market share
American soy production has suffered as new trade policies have taken hold. … READ MORE >
Market Minute: Repricing growth, yields and equity valuations
Investors are pricing in a faster growth, which a big reason that rising Treasury yields have not resulted in a correction in equity valuations. … READ MORE >
Market Minute: As CPI stays elevated, real wages decline
The Consumer Price Index for September is likely to increase by 0.6% on the month and by 3.6% annually when the data is released on Oct. 14. … READ MORE >