The timing of the U.S. Federal Reserve’s interest rate “liftoff” was a focal point of global economic and market news for most of last year. I was regularly asked by clients how they should be responding to this anticipated interest … Read more
Tag Archives: Federal Reserve
On Friday, the Commerce Department’s revision to fourth quarter GDP indicated that the U.S. economy expanded by 2.4% in 2015, consistent with our expectations. In the year ahead, growth will most likely moderate toward 2%, our estimate of its longer-term … Read more
Debate about the timing of “liftoff”—a hike of 25 basis points in the federal funds rate—has intensified significantly over the past few weeks, ahead of the Federal Reserve statement on September 17. Market participants are debating whether the initial increase … Read more
Emerging markets have been a favorite destination for global capital since the financial crisis, given the weak growth and low interest rates on offer from much of the developed world. Although they have taken a one-two punch of late from … Read more
Just as the Federal Reserve was bracing markets for its first interest rate hike since 2006 to head off any pickup in inflation, along came the drop in the price of oil.
And it’s been a big drop—even for an … Read more
In the great inspirational movie The Shawshank Redemption, Tim Robbins plays Andy Dufresne, a man facing seemingly impossible odds: Wrongly imprisoned for life, former banker Andy has only the books in the paltry prison library, his love of carving … Read more