More Research

The Fed’s Less Than Desirable Outcome

    The Fed’s Less Than Desirable Outcome   The month of August was looking reasonable – we saw an extremely strong employment report and encouragingly soft inflation data. Powell’s Jackson Hole speech was short and sweet but also clear and concise. The...

read more

CPI Higher Than Expected

    Consumer Price Index Higher than Expected: Confirming the Fed Will Likely Continue Aggressively Hiking Rates and Slowing Growth   The market cannot explain away today’s hot inflation numbers. After registering a reprieve from the Core numbers in...

read more

Backup in U.S. Treasury Rates

  While there is a lot of discussion about how extreme the backup in U.S. Treasury yields has been, when you put the significant moves (over the last four years) in context, we have had many runs and sell-offs. Much of this is due to the uncertainty related to...

read more