The aggressive path of the Federal Reserve’s tightening cycle is well documented, with the Federal Open Market Committee (FOMC) raising interest rates 450 basis points over the course of eight consecutive meetings.   With the policy rate now approaching 5%, recent strength in some key economic indicators has raised the question if the 2023 ‘dots’ could...Read More

Despite being two years into the pandemic, the U.S. economy has demonstrated remarkable resilience with the assistance of unprecedented fiscal and monetary policy support. Multiple rounds of fiscal stimulus aggregating to several trillion dollars, coupled with the Federal Reserve reducing their policy rate by 150 basis points and doubling the size of their balance sheet...Read More

The COVID-19 pandemic negatively impacted people’s lives in many ways, fortunately, the rapid and aggressive use of fiscal and monetary stimulus provided significant support to the economy and financial markets around the world. This assistance, coupled with multiple approved vaccines, has now brought us closer to the other side of the pandemic with central bankers...Read More