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...


ECB Press Conference March 7, 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 January 30, 2019, Press Conference Prepared Remarks

2019 begins the Era of Powell Transparency.  In his first of eight “live” FOMC meeting press conferences this year, Chairman Powell stated that the FOMC is “committed to clearly explaining what...


FOMC January 2019 Press Release Language Change

The January 29-30, 2019, FOMC meeting adjourned with the Committee holding the rates unchanged as most economists had expected.  This is the “pause” that the market has been waiting for.  With...


Quarterly Market Commentary - 2018 Q4

Market volatility is back and is uncomfortable after a serene 2017. Most portfolios have experienced a negative return as almost all financial assets have delivered a loss for the year. We went from...


FOMC December 2018 Press Release Language Change

The December 18-19, 2018, FOMC meeting adjourned with the widely anticipated 25bp rate increase (the 9th since December 2016). The FOMC reflected on the continuing strength of the labor economy, the...


Behind the Headline - R Star in Three Acts

There has been a great deal of uncertainty and anxiety pertaining to the number of Fed rate hikes remaining now that they have completed eight 25bp hikes since December 2015. We took recent public...


FOMC November 2018 Press Release Language Change

The November 7-8, 2018, FOMC meeting adjourned with no rate action. The FOMC reflected on the continuing strength of the labor economy, the declining unemployment rate and strength in consumer...


2019 Annual Qualified Retirement Plan Contribution Limits

On November 1, 2018, the Internal Revenue Service announced[1] cost of living adjustments affecting dollar limitations for pension plans and other retirement related items for Tax Year 2019. Some of...


2019 HSA Plan Limits

On May 14, 2018, the Internal Revenue Service issued Revenue Procedure 2018-30 , announcing the 2019 inflation-adjusted amounts for Health Savings Accounts (HSAs), as determined under the Internal...