Off to the Races Only eight days into the new year and things have already been exciting in markets… depending on your definition of exciting. The moves really began at the end of 2024 and have persisted since. Let’s start with Treasury yields. As of Wednesday, January 8, the 10-year Treasury yield is at 4.70%,…Read more
New Year, Same Focus Even though the calendar pages have turned, the key themes driving financial markets in these early January days look to remain the same: Consumer strength, corporate earnings growth, and risks to the Federal Reserve’s dual mandate of price stability and maximum employment will likely continue to drive markets. This week brings…Read more
Hawkin’ Around the Christmas Tree The last Federal Reserve meeting of 2024 is now behind us, and the 25 basis point (bp) rate cut at this meeting brought the full year 2024 reduction in rates to 100 bps, with the fed funds target range now at 4.25%-4.50%. The rate move itself was widely expected by…Read more
