Let’s travel back in time. Friends is the top TV show. All for You by Janet Jackson is the top song. AOL has 28 million users and AOL.com is the top website. George W Bush is president. Flip phones and Blackberries dominate the cell phone market. Gas is $1.46 per gallon. It’s early 2001. A […]
A client asked for a debrief on the Federal Reserve’s actions. Here we go! What happened at the meeting? On July 27, 2022, the US Federal Reserve (the “Fed”) once again raised the Fed Funds Rate by 75 basis points. The Federal Funds Rate now ranges from 2.25-2.5%, up from near zero in March. This […]
It’s not every day that a meeting of the US Federal Reserve Bank becomes a spectator sport. However, today (June 15, 2022), there was considerable buzz around this event. There was a countdown clock, endless commentary/predictions, and a televised press conference. Jay Powell (Chairman of the Federal Reserve) is now a well known celebrity (for […]