While most of America was focused on setting their NCAA brackets earlier this week, market watchers were placing “bets” of their own on the Federal Reserve and the path of interest rates. As was widely expected, on Wednesday the Federal Reserve once again left rates unchanged (leaving the Federal Funds rate range at 5.25-5.5%). They […]
Markets – stocks and bonds alike – seem singularly focused on one factor in recent weeks – interest rates. The business news channels have the 10-year interest rate ticker in the corner of the screen, watching it near a 5% level all week (which it crossed late Thursday night). As rates continue to rise, both […]
Markets were once again focused on the Federal Reserve this week as they released their September rate announcement. At that meeting, Chairman Jerome Powell stated that there would be no rate hike this month (the second such “pause” in 2023). This was a well choreographed moved and as a result, it was not a surprise […]