Three Takeaways from the Fed Decision
Overview As we expected, the Federal Reserve (Fed) raised the fed funds rate by 0.25%, pushing the upper bound to 5.00%. Financial conditions were stable enough for the Federal Open…
Overview As we expected, the Federal Reserve (Fed) raised the fed funds rate by 0.25%, pushing the upper bound to 5.00%. Financial conditions were stable enough for the Federal Open…
Overview The monthly consumer inflation rate slowed slightly to 0.4% in February from 0.5% the previous month, enough to push the annual rate of inflation down to the lowest since…
Key Takeaways: The shift of consumer spending from goods to services has helped revive travel demand. This trend likely has staying power. Flight bookings have tripled over the last few…
Key Conclusions: Homebuilder stocks continue to advance despite underwhelming housing data. We suspect this represents price leading fundamentals. While mortgage rates have receded over the last several months, housing starts…
The debt limit—commonly called the debt ceiling—is the maximum amount of debt the Treasury Department is authorized to borrow to pay its already committed financial obligations. The amount is set…