From a macro perspective, the ‘higher for longer’ sentiment appears to be one of the few themes that investors mostly agreed upon as the third quarter of 2023 ended. At the September Federal Open Market Committee (FOMC) meeting, the target rate was left unchanged at 5.25% – 5.50%, but the ‘dot plot’ left room for...Read More

The second quarter of 2023 began under the weight of regional banking concerns and debt ceiling negotiations, coupled with expectations for a slowdown in growth and stubbornly high inflation. Despite a worrisome backdrop at the start of the quarter, risk assets performed well, and interest rates moved higher across the yield curve. Providing a sigh...Read More