Thoughts on President Trump

Tomorrow, Donald J. Trump will be inaugurated as our forty-fifth president. Fasten your seat belts. We cannot remember any previous incoming administration that has produced more head scratching than this one. There have certainly been other controversial...

2017?

Summary A calendar-year forecast for 2017 is even more difficult than usual because of the uncertainties accompanying the new regime in Washington Proposed tax reform, deregulation and fiscal stimulus could be good for the economy Despite Republican control of...

Q4 Fixed Income Commentary

On December 14th the Federal Open Market Committee (FOMC) increased the target federal funds rate by 25bps. The move was widely expected but, remarkably, was only the second raise of the target rate in over a decade. In her press conference following the meeting, FOMC...

Economics Today

Federal Reserve/Economic Reports According to the November meeting minutes, FOMC members indicated the case to hike interest rates continued to strengthen. Many members believe a rate hike should happen “relatively soon” and argued that, to preserve credibility, such...

What a difference a day makes!

Before last night, the conventional wisdom held that Hillary Clinton would be our next president and the next four years would be colored by her policy agenda. The markets had already come to….. Click here for...

Economics Today

Federal Reserve/Economic Reports The Fed’s latest Beige Book, measuring the period between late August and early October, indicated economic activity continued to expand at a “modest to moderate pace” as labor market conditions remained tight and wage...