FOMC Commentary – November 1, 2023
By Chief Economist, Jeanette Garretty The FOMC interest rate announcement today came in almost completely as expected, holding the Fed Funds policy target at 5.25%-5.5% and no change in the Quantitative Tightening (QT) program which has served to reduce the securities on the Federal Reserve balance sheet by more than $1 trillion. Very little in […]
Jeanette Garretty on Bloomberg Daybreak: Australia
November 1, 2023 – Chief Economist and Managing Director, Jeanette Garretty appeared on BloombergDaybreak: Australia to discuss her outlook for the US economy as investors await the November Fed Rate decision. “I think that what they’re going to do is they’re going to come out and say, ‘we continue to watch the data and they will allude in […]
Why Tech Is Driving the Selloff and What Can Stop This Selloff?
By John Lau, CPA, CFP® October 31, 2023 – The S&P 500 fell to fresh five-month lows last week thanks not to rising yields (they fell), or geopolitical concerns, but instead because of earnings, as the number of companies reporting some sort of “miss” (whether on EPS, guidance, revenue, or margins) continued to grow. Notably, […]