The municipal market has been a relative bright spot for core fixed income investors in 2021. While most of the other “safe” parts of the core fixed income universe have…
Federal Reserve Meeting Recap: Powell Pivot: Confirmed
The Federal Reserve (Fed) ended its two-day Federal Open Market Committee (FOMC) meeting yesterday and there were some notable shifts to monetary policy, although these shifts were largely expected by…
Have We Reached Peak Quit?
The U.S. Bureau of Labor Statistics (BLS) released its monthly Job Openings and Labor Turnover Survey (JOLTS) report this week revealing that the number of American workers who are voluntarily…
Is the Bond Market Pricing in a Fed Policy Error?
After months of carefully communicating the Federal Reserve’s (Fed) plan to reduce its asset purchases toward the middle of 2022, Fed Chairman Jerome Powell seemingly sped up that timetable during his…
Outlook 2022: Passing the Baton
Our resurgent economy grew at over a 6% pace in the first half of the year and is on track for 5% growth for the year when 2021 draws to…