Quarterly Market Commentary - 2019 Q2

The ECB and the FOMC are both poised take action during their next meeting.  The possible commencement of a new rate cutting cycle is giving a boost to the world equity market after a volatile...


FOMC June 2019 Press Release Language Change

As expected, FOMC members held rates unchanged.  The U.S. economy remains solid (jobs and GDP) and especially so when compared to the rest of the world.  After a strong first quarter and a good...


ECB Press Conference June 6, 2019 - What has changed?

Summary  ·       Keep ECB interest rates unchanged and expect to remain so at least through the summer of 2019. (unchanged) ·       ECB expects to remain at their present interest...


2020 HSA Plan Limits

On May 22, 2019, the Internal Revenue Service issued Revenue Procedure 2019-25, announcing the 2020 inflation-adjusted amounts for Health Savings Accounts (HSAs), as determined under the Internal...


FOMC May 2019 Press Release Language Change

The two-day regular FOMC meeting ended on May 1 without any surprises.  Even though the FOMC held the rates steady, Chair Powell’s press conference did not signal a rate cut any time soon. The...


Behind the Headline - Above Trend 2019Q1 GDP (advance)

The advance estimate for first quarter real GDP came in at 3.2% and surprised on the upside. This is above the consensus estimate by market participants.  The two federal reserve bank nowcast models...


Quarterly Market Commentary - 2019 Q1

·       The stock market is back after a serious drop in the fourth quarter of 2018.  The tightening financial conditions and the threat of more interest rate hikes along with BREXIT, trade...


ECB Press Conference April 10, 2019 - What has changed?

Summary  ·       Keep ECB interest rates unchanged and expect to remain so at least through the summer of 2019. (unchanged) ·       Intend to continue reinvesting, in full, the...


FOMC March 2019 Press Release Language Change

Recognizing a slowing U.S. economy and a slowdown in consumer and commercial spending/investments, the FOMC held rates steady.  The Press Release also recognized a still strong labor market and a...


The FOMC is Reviewing its Toolbox of Policy Goodies

On February 22, 2019, Richard Clarida, Vice Chair of the Board of Governors, at the U.S. Monetary Policy Forum , stated that a review of the current Federal Reserve’s monetary policy framework and...