Market News

December 14, 2016 - The Federal Open Market Committee increased the range on the federal funds rate to (0.50% - 0.75%) from (0.25% - 0.50%). Any future decision on rate hikes will continue to be highly data dependent. However, the Fed’s base case is... Read more
Once again a vote in a developed nation resulted in a populist outcome that polls had inaccurately forecasted. Unlike the Brexit decision, however, we know the timing of the event, but the actions to be taken are less clear. Over the coming weeks,... Read more
June 24, 2016 - A historic vote occurred yesterday, resulting in the largest move in the European Union (EU) since the formation by the 1993 Maastrict Treaty. The citizens of the United Kingdom voted to leave the EU, setting the stage for... Read more
The Federal Open Market Committee (FOMC) ended its two-day meeting leaving rates unchanged, citing “global economic and financial developments continue to pose risks” to the U.S. economy. However, the Fed “expects that, with gradual adjustments in... Read more
In December, the Federal Open Market Committee (FOMC) announced a 25 basis point increase in the fed funds rate to a range of 0.25-0.50%. This was the first rate hike since 2006 and the first change in the federal funds rate since the financial... Read more