2024 Mid Year Investment and Wealth Planning Outlook Webinar
Chief Economist Jeanette Garretty hosted Chief Investment Officer Stuart Katz and Head of Wealth Planning Mallon FitzPatrick as they discussed the first half of 2024 and their outlook for the remainder of 2024.
FOMC Commentary – June 12, 2024
By Chief Economist, Jeanette Garretty June 12, 2024 Chairman Powell has a problem. He won’t forecast. He is prepared to act on interest rates more quickly “if the labor markets deteriorate unexpectedly” while at the same time acknowledging that if he waits to see that, it’s likely to be too late (monetary policy has an […]
Europe Has a Growth Problem. Should You Care?
By Jeanette Garretty and Avi Deutsch May 17, 2024 – In 2007, on the eve of the global financial crises, the economies of the European Union and the US were almost identical in size. Fifteen years later, in 2022, the US economy was 1.5 larger than the EU’s.[1] The difference in GDP per capita is […]
3 Questions with Robertson Stephens featuring Head of Wealth Planning, Mallon FitzPatrick
May 9, 2024 – Chief Marketing Officer Louis Calabrese hosts Mallon FitzPatrick to talk about wealth transfer planning and strategies on how to approach it. Disclosures Investment advisory services offered through Robertson Stephens Wealth Management, LLC (“Robertson Stephens”), an SEC-registered investment advisor. Registration does not imply any specific level of skill or training and does […]
3 Questions with Robertson Stephens feat. Jeanette Garretty
May 7, 2024 – CMO, Louis Calabrese, hosts Chief Economist Jeanette Garretty to discuss the most recent FOMC meeting and her outlook on the U.S. economy.
Planning a Thoughtful Wealth Transfer
May 6, 2024 There are many ways to harness the step-up in basis while ensuring financial security — and avoiding many pitfalls. As published in Rethinking65 By Mallon FitzPatrick Wealth transfer starts with a comprehensive wealth plan to analyze the whole financial picture, including the balance sheet and cash flow. One goal of the transfer […]
FOMC Commentary – May 1, 2024
By Chief Economist, Jeanette Garretty May 2, 2024There is very little that was surprising in the May 1 interest rate announcement by the Federal Open Market Committee (FOMC). It was acknowledged by a number of Federal Reserve members weeks ago that progress toward the 2% inflation target slowed in the first quarter; the FOMC statement reiterated […]
The Problem with Productivity
April 2, 2024 By Jeanette Garretty, Chief Economist Productivity isn’t everything, but in the long run it is almost everything. A country’s ability to improve its standard of living over time depends almost entirely on its ability to raise its output per worker. –Paul Krugman, The Age of Diminishing Expectations (1994) Every five or six […]
FOMC Commentary – March 20, 2024
March 20, 2024 What Just Happened? By Chief Economist, Jeanette Garretty The just-concluded March meeting of the Federal Open Market Committee (FOMC) ended with an unsurprising statement leaving the target Fed Funds at 5.25%-5.5% and citing a need for more data on inflation before initiating a series of interest rate cuts. The accompanying Summary of […]
FOMC Commentary – January 31, 2024
By Chief Economist, Jeanette Garretty The FOMC statement released today is, in its language, quite benign. Notably, any language indicating a bias towards hiking interest rates (should inflation pressures return and/or inflation fail to continue to decelerate) has been removed from the statement. Overall, the message of the statement is that the Fed does not […]
2024 Investment and Wealth Planning Outlook Webinar
January 25, 2024 – Chief Economist Jeanette Garretty hosted Chief Investment Officer Stuart Katz and Head of Wealth Planning Mallon FitzPatrick as they discussed the end of 2023 and their outlook for 2024. Disclosures Investment advisory services offered through Robertson Stephens Wealth Management, LLC (“Robertson Stephens”), an SEC-registered investment advisor. Registration does not imply any […]
Q4 2023 Economic Commentary
By Jeanette Garretty, Chief Economist The fourth and final quarter of 2023 saw a resolution of a number of important questions: Would inflation decelerate as hoped? Would the US economy falter? Would the Federal Reserve ever stop raising interest rates? These three questions dominated investor sentiment for much of 2023 and, in keeping with economics being […]