Extended Rate Pause Federal Reserve officials were unwilling to conclude they were done raising interest rates when they decided earlier this month to extend a pause in rate increases but minutes of their most recent policy meeting suggested they might be comfortable holding rates steady…READ MORE
Consumer spending remains strong amid elevated rates. US economic growth surged this summer at the fastest pace since 2021, as consumers spent at elevated rates that forecasters believe will be difficult to sustain as high rates and global risks weight on the economy. GDP expanded…READ MORE
Higher rates outlook causes ripple effects. In September, the FOMC left policy rates unchanged at current range of 5.25-5.50%. The dot plot now shows that the committee currently expects to hike once more before the end of the year and only cut 50bps in 2024….READ MORE
Higher for longer? Analyst interest rate forecasts continue to extend. Inflation has come down and the US economy continues to grow. Chairman Powell used the Jackson Hole symposium to reaffirm the Fed’s 2% inflation target and suggested that rates may need to be held near…READ MORE
There’s been lots of talk of a recession, but when will it happen? Growth expectations are being revised higher and recession start dates are being pushed back or indefinitely postponed. – Bob Doll, Crossmark Global Investments Markets may be pricing in the best of both…READ MORE
