With Warsh at the Fed, Markets Shift Focus to Fiscal Leadership
Donald Trump has nominated his new Federal Reserve Chairman, Kevin Warsh. The choice is largely considered a sensible one, validated by most of Wall Street, global financial markets and other central bankers. Coming on the heels of a Federal Open Market Committee meeting that was notable for its lack of surprises, and for encouraging statements about the US economy, one can sense a collective sigh […]
FOMC Commentary – January 28, 2026
The Federal Reserve Open Market Committee (FOMC) left its target interest rate range unchanged at 3.5% to 3.75%.
Shutdown Risks and a Fed Decision: Markets on Alert
Congress moves unexpectedly back into the economic picture, as talk of a partial government shutdown on Friday has re-emerged with power and possibility. If investors thought that the only news hitting them this week would be just another boring Federal Reserve meeting, the fight over Department of Homeland Security funding should spice things up nicely. […]
Charts for the Week That Was: Special Webinar Edition
Chief Economist Jeanette Garretty and Chief Investment Officer Stuart Katz provide their charts that helped shape our market outlook.
2026 Economic and Investment Outlook
Chief Economist Jeanette Garretty and Chief Investment Officer Stuart Katz break down 2025 and provide their outlook for 2026.
Rethinking ‘Data‑Driven’: Why Friedman’s Long‑View Philosophy Matters Again
Slightly more than a week before a critical Federal Reserve interest rate meeting, the outlook on prices has been muddied once again by uncertainty over tariffs. Potential fiscal policy actions involving credit card rate caps, oil price manipulation, or home buyer subsidies have also been disruptive. The best way for monetary policy authorities to think […]
Inflation, Housing, and Fed Speeches: A Pivotal Week Ahead
Having hopefully shaken off the always-lethargic start to the new year, investors will be bombarded by data this week, some of it still questionable in quality. For example, the usefulness of Consumer Price Index and Producer Price Index numbers for October, delayed because of the government shut-down, is not even being discounted — it’s largely […]
Five Charts for the Week That Was: January 9, 2026
Chief Economist Jeanette Garretty provides 5 economic charts covering topics including oil and non farm payroll employment.
Passing the Baton: What Powers the Economy Into 2026
Welcome to 2026. The traditional image of the baby who brings in the new year seems modestly inappropriate as the US economy enters what, by many measures, represents the 198th month of an economic expansion that started in the third quarter of 2009. There have indeed been quarters of negative growth during this time period, most notably during the spring […]
Jeanette Garretty on Bloomberg: The Asia Trade
Chief Economist, Jeanette Garretty, was recently featured on Bloomberg: The Asia Trade, offering her insights on the current state of the U.S. economy and what it all means for the year ahead. Watch her full segment here: https://youtu.be/IogjXGCZnDk?t=408.
Five Charts for the Week That Was: December 19, 2025
Chief Economist Jeanette Garretty provides 5 economic charts covering topics including employment including federal employees and CPI.
2025’s Unexpected Strength, 2026’s Unanswered Questions
As the year draws to a close, where do we find ourselves? Most likely, not where many of us thought we would be. Economic growth of 2.7-3%, inflation of 2.7-3%, a rising stock market, and falling interest rates… out-of-context (even in-context), this stands as a remarkably positive positioning for the start of 2026. The trade uncertainties that have […]