The Allure of Lower Prices Consumers have been focused on the cost of living for years now. Although inflation has cooled from its 2022 peak, affordability concerns remain top of mind for voters and will likely be a powerful influence on elections. This is especially true of highly visible expenses like gas, rent, and groceries. …Read more
No Choice But to Hike Well, we were wrong. we thought the Fed wouldn’t hike interest rates. But we still believe a hiking cycle could do more harm than good. Regardless, what I’m focused on now is that the Federal Open Market Committee voted unanimously to raise the target rate by 25 basis points to…Read more
With several Federal Reserve governors and regional presidents scheduled to speak this week, investors can expect to hear more about last week’s interest rate hike and whether it’s the first in a series. At a Glance Some context is useful here: There are 19 members on the Federal Open Market Committee (FOMC), and most indicated…Read more
