Economic Commentary – August 4, 2025
The flood of economic data last week measured up to all expectations — and probably exceeded more than a few. Collectively, the data painted a picture that most people had already sketched out, one of slowing economic growth, some upward pressure on prices, and a Federal Reserve facing murky uncertainties. Even if the Federal Open Market […]
FOMC Commentary – July 30, 2025
The Federal Open Market Committee (FOMC) Interest Rate Meeting concluded with a decision to leave the Fed Funds Target Range at 4.25%-4.5%. This decision was widely expected, as were the dissenting votes of Fed Governors Chris Waller and Michelle Bowman, both of whom voted for a quarter-point interest rate cut.
Economic Commentary – July 28, 2025
Occasionally, the amount of economic data made available in a short time can seem overwhelming. Such is the case this week, where the “main event” is the Federal Open Market Committee (FOMC) meeting on Wednesday, but inflation, employment, consumption, and housing data for Q2 and July all appropriately deserve equal attention. Thankfully, much of the important data will […]
One Big Beautiful Bill Act and Its Impact Webinar
Chief Economist Jeanette Garretty and Head of Wealth Planning Mallon FitzPatrick break down the impact of the One Big Beautiful Bill Act (OBBBA) on your financial plan.
Five Charts for the Week That Was: July 25, 2025
Chief Economist Jeanette Garretty provides 5 economic charts covering topics including the Fed Rate, GDP estimates, home sales, oil prices, and Chinese exports and imports.
Economic Commentary – July 21, 2025
The US economy continues to feel as if some corner has been turned, which is a pretty nifty trick to pull off without an appreciable slowing of economic growth. The week’s data will help to illuminate the degree to which that growth continues into the third quarter; data for June should provide some sense of the […]
2025 Mid-Year Outlook
Chief Economist Jeanette Garretty and Chief Investment Officer Stuart Katz break down what happened in the first half of 2025 and provide their outlook for the remainder of the year.
Economic Commentary – July 14, 2025
July doesn’t feel much like the summer doldrums yet. Tariff threats are flying, bilateral deals are being hammered out (we hope, albeit with minimal details), and economist Kevin Hassett is the latest policymaker trying to engineer a Federal Reserve coup. One way to understand the economic policy disarray is to appreciate that wars in Ukraine […]
Five Charts for the Week That Was: July 11, 2025
Chief Economist Jeanette Garretty provides 5 economic charts covering topics including the Fed Rate, GDP estimates, home sales, oil prices, and Chinese exports and imports.
Economic Commentary – July 7, 2025
And just like that, it’s back to tariff turmoil. It would seem, however, that the shock of (saber-rattling?) threats to impose massive tariff increases by either July 9 — the old deadline — or a potentially new deadline of August 1, is greater for some US trading partners than it is for US-based companies. This […]
Economic Commentary – June 30, 2025
Fireworks generally start well before Fourth of July in neighborhoods around the country. This curtailed week for market-moving data is no exception. The economic cherry bombs will be in the form of employment data, which could as easily be a bust as a large and startling “Boom”. And there will be plenty of sparklers highlighting […]
Economic Commentary – June 23, 2025
Any business looking for calm seemingly can’t catch a break. The Federal Reserve feels that pain, too. Just as inflation was on the verge of becoming a lesser concern, albeit at the expense of increased worries about economic growth, a war in the Middle East raises the specter of gas and oil price spikes working their way […]