The Federal Reserve Raised the Overnight Rate 0.25% to a Range of 4.75% to 5%… The Federal Open Market Committee (FOMC) removed the language about additional rate hikes from the monetary policy ...
Week In Review – March 6 2023
Fedspeak Weighs on Markets in Both Directions… On Wednesday morning, Minneapolis Federal Reserve President Neel Kashkari said that he is open to raising his terminal rate estimate above 5.4%. On ...
Week In Review – February 27 2023
Federal Reserve Minutes Show Resolve To Raise Rates… The minutes from the last meeting revealed that a majority of the voting members favor pushing rates over 5%, with a third of them advocating for ...
Week In Review – February 13 2023
Chair Powell to the Markets: ‘I Really Mean It’ … At the Economic Club of Washington, D.C., Fed Chair Powell said the Federal Open Market Committee members think that they need to increase rates more ...
Week In Review – January 23 2023
Retail Sales Fell 1.1% in December, Led Lower by Falling Auto and Gasoline Sales… While retail sales were up 6% in 2022, they ended the year on a down note. What it means— Meh, probably not much. ...