The Federal Reserve found itself facing a considerable dilemma this week at the Federal Open Market Committee meeting that took place Wednesday March 22, 2023. How would they balance the tension between their ongoing battle against inflation and the threats posed by the recent instability in the banking system? Up until a few weeks ago, […]

It’s been about ten months since I started writing these weekly letters to all of you. During most of that time, we have talked at length about the “after shocks” of COVID and the related government stimulus, focusing largely on inflation and the resulting rapid rise in interest rates to offset it. We have talked […]

It was not all that long ago that Federal Reserve meetings would barely be covered by the media. Now they are truly the monthly headline event and Wednesday’s announcement was no exception (February 1, 2023 meeting) US Federal Reserve Chair Jay Powell took the stage and announced a widely anticipated 25 basis point rate increase, […]

As we turned the calendar to November this week, there were a lot of things to look forward to – final two months of 2022, Thanksgiving around the corner, the few remaining nice days of fall weather (at least for us Midwesterners), and of course – the second to last meeting of 2022 for the […]

On Wednesday, the US Federal Reserve issued yet another increase in the Federal Fund Rate, bringing it to 3-3.25%. (Note: you can read more detail on the meeting and the implied rate path here) I listened to the press conference from Federal Reserve Chair Jerome Powell – and one phrase kept coming into my mind […]

Five years ago, I was lucky enough to have a wonderful western adventure with a lifelong friend, spending time in Wyoming and Montana. During that trip, we visited Grand Teton National Park which encircles the beautiful town of Jackson, WY. The area is absolutely beautiful and if you haven’t been, maybe this will nudge you […]

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 […]