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Steven Skancke discussed the Federal Reserve and the impact that cutting relief programs would have on the market on Cheddar TV. Skancke also chimed in on the likelihood of stimulus funding for the public.
Steven Skancke is Keel Point’s Chief Economic Advisor and works in Keel Point’s Washington D.C. office. He has over 40 years of experience and has formerly served on the U.S. Treasury’s economic policy team and the White House National Security Council.
Core CPI Inflation at 5.5% is mostly unchanged from the beginning of the year, although there are positive signs in producer prices and housing costs. Debt ceiling drama dominates economic news, driving consumer sentiment down again, and the S&P closed lower last...
The public and political rhetoric around the debt ceiling standoff contains statements that are not fully accurate or well understood. Many of the more disconcerting assertions are made to pressure Congress to increase the debt limit without conditions for spending...
As expected, the Fed raised the Fed funds rate by ¼% to a 5.00% to 5.25% target range this past week and signaled that this rate hike is likely to be its last – unless…. Its announcement dropped previous language that “some additional policy firming may be...