White Papers
The Federal Open Market Committee (FOMC) met today for the second time in 2023 to assess the state of the U.S. economy and monetary policy.
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BOSTON, MA, March 14, 2023 -- After several years of stability in the banking industry, two large banks were taken over by the FDIC—Silicon Valley Bank (SVB) on March 10 and Signature Bank on March 12, representing the second and third largest U.S. bank failures, respectively, following Washington Mutual in 2008. These events are not an indication of a systemic issue in banking but rather targeted to a concentrated group of organizations. The U.S. banking system, as a whole, is strong despite recent developments.
After years of underperformance, value stocks outperformed growth stocks in 2022. Many of the conditions that existed during 2022 persist and we believe value may be positioned to outperform growth again in 2023.
Read moreThe Federal Open Market Committee (FOMC) met today for the first of eight times in 2023 to assess the state of the U.S. economy and monetary policy.
Read moreOn January 13, 2023, U.S. Secretary of the Treasury, Janet Yellen, sent a letter to Congressional leadership to inform them that the outstanding debt of the United States was projected to reach its statutory limit of $31.381 trillion on January 19, 2023. When the limit was reached, the Treasury had to start taking extraordinary measures to prevent the United States from defaulting on its obligations.
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BOSTON, MA, December 14, 2022 -- The Federal Open Market Committee (FOMC) met today today for the last time in 2022 to evaluate the state of the U.S. economy and monetary policy.
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