interest rate increase

Interest Rates Tick Upward Once Again

The June FOMC meeting concluded with members deciding to raise the fed funds target rate by 0.25%, for the seventh time this cycle, to a new range of 1.75-2.00%.  As the probability of this happening was over 95%, in light of recent stronger economic and inflation data, this was far from a surprise. The formal…

the fed

The Fed Makes No Change to Interest Rates This Month

The Fed met today and ended their meeting with a unanimous vote of no action on the interest rate front, as predicted, with the fed funds rate target remaining at 1.50-1.75%.  The formal statement showed little change from the March edition, with continued growth noted broadly, with one edit noting strength in business fixed investment.  Inflation…

volatility

Volatility Returns – Part II

Markets were in the news again, with media headlines implying panic selling, akin to what we saw in early February when the market experienced its first correction in years. Headlines especially focus on the drop measured in the number of ‘Dow points’ (700, for which the 24,000 starting level represents nearly a double from the…