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The week got off to a good start…
In testimony before House and Senate committees, Federal Reserve (Fed) Chair Jerome Powell noted that prices had been falling and…
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Optimism abounds!
Enthusiasm for everything related to artificial intelligence (AI) drove a global stock market rally last week. Equity markets in the…
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Have rates peaked?
Last week, at its final policy meeting for 2023, the United States Federal Reserve indicated that rates may have peaked.…
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Still exceeding expectations.
Last week, the United States Treasury market rallied. Yields fell and bond prices rose as some bond market investors enthusiastically…
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Will there be a year-end rally?
Last week, there was a lot of speculation about whether the United States will see a year-end stock market rally.…
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Showing remarkable resilience.
Throughout the first half of 2023, the U.S. economy and financial markets proved to be resilient – and so did…
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Unknowns and uncertainty
Financial markets were volatile last week as investors parsed the risks around bank closures, central banks offered additional protections for…
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Thrown for a loop….
Early last week, Federal Reserve Chair Jerome Powell told Congress the Fed is committed to bringing inflation down to 2…
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The vicious cycle of inflation.
Last week, we learned that pay increases at central banks in many parts of the world won’t keep pace with…