October 2019 Market Commentary

ECONOMIC UPDATE Risk markets rebounded in September with less negative headlines on the trade front, but many questions loom entering Q4A supply/demand imbalance in overnight funding markets forced the Fed to intervene and inject liquidity into money marketsThe Fed...

September 2019 Market Commentary

ECONOMIC UPDATE August was atypically volatile for global financial markets in response to escalated U.S./China tensionsThe Fed is expected to cut the fed funds rate again in September, Powell and his colleagues have been hesitant to suggest a new easing cycle has...

August 2019 Market Commentary

ECONOMIC UPDATE The Fed met market expectations with a July rate cut, but future policy is less certain.The U.S. and China resumed negotiations during the last week of July and the Trump administration has discussed potential waivers for American tech firms selling...

July 2019 Market Commentary

ECONOMIC UPDATE Trade worries contributed to increased market expectations of a Fed rate cut.Three events during the week of June 17 eased investor concerns and boosted risk assets.The FOMC did not cut rates at the June 19 meeting. However, updated forward guidance...