Market Recap – November 21, 2022

Market Recap – November 21, 2022

This past week highlighted the ongoing struggle between the positive forces of lower inflation and Fed officials trying to prevent an outbreak of “irrational exuberance” in financial markets. October CPI and PPI (Producer Price Index) inflation are lower on a monthly,...
Market Recap – November 21, 2022

Market Recap – November 14, 2022

The most important news last week was the better-than-expected October CPI inflation report which spurred financial markets to rally on the belief that the Fed can ease back on the pace and ultimate level of interest rate increases. With the Fed already having...
Market Recap – November 21, 2022

Market Recap – November 7, 2022

The Fed raised its Fed Funds rate another 75 bp this past week and said that while it will continue raising rates most likely at a slower pace the upper limit reported in its “dot plot” at its September meeting may be too low. Financial markets reacted negatively....
Market Recap – November 21, 2022

Market Recap – October 31, 2022

Until the disinflationary data show up in official figures, the Fed will continue hiking interest rates with another 75 bp increase in November, bringing the Fed funds target to 3.75% to 4.00%. The inflation data are not good enough to warrant easing interest rate...