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Monetary Policy
March 17 2021
Liquidity . Monetary Policy .
Article Just looking
March 17 2021

The FOMC observed the economy is improving, but left it at that.  

March 12 2021
Equity . Markets/Economy .
Article Escape velocity
March 12 2021

Yields are rising for the right reasons.

March 29 2021
International/Global . Markets/Economy .
Article It's a twofer
March 10 2021

A recovering U.S. and ‘modestly’ growing China are good for the EM and everyone.

March 1 2021
Liquidity . Markets/Economy .
Article Worry list
March 1 2021

Short on days, February was long on anxiety for some.

March 16 2021
Interest Rates . Monetary Policy .
Article Rates rising for 'good reasons' but don't fight the Fed
February 25 2021

Powell reaffirms commitment to easy money policies to support still-young recovery.

February 5 2021
Fixed Income . 2021 Outlook .
Video Too early to worry about a taper tantrum
February 5 2021

A patient Fed means first pullback in asset purchases unlikely until 2022.

February 1 2021
Liquidity . Markets/Economy .
Article The rise of a rate
February 1 2021

The transition to SOFR is picking up steam.

January 21 2021
Liquidity . 2021 Outlook .
Article Looking forward to 2021
January 4 2021

The new year revives old optimism.

December 28 2020
2021 Outlook . Equity .
Article Easy money
December 28 2020

Three things to watch in 2021.

December 16 2020
Monetary Policy . Liquidity .
Article See you next year
December 16 2020

Perhaps due to fiscal stimulus talks, the FOMC meeting was quiet.

December 1 2020
Liquidity . Monetary Policy .
Article Fighting the Fed
December 1 2020

The Federal Reserve’s tussle with the White House was something to behold.

October 23 2020
Monetary Policy . Equity .
Article Economic redemption
October 23 2020

We expect third-quarter GDP growth to be the strongest in U.S. history.

October 26 2020
Equity . Markets/Economy .
Article As market claws back, near-term worry list grows
October 13 2020

Pullback could be in offing against promising long-term outlook.

October 13 2020
Liquidity . Interest Rates .
Article Viewing the forest
October 1 2020

The money market industry is too focused on the trees.

September 21 2020
Monetary Policy . Interest Rates .
Article Looking forward
September 16 2020

The Fed sharpens its new policy framework with strong forward guidance. 

September 21 2020
Fixed Income . Interest Rates .
Article 6 reasons yields may stay range-bound
September 11 2020

It starts with the Fed.

September 11 2020
Monetary Policy . Equity .
Article Economic recovery accelerates
September 11 2020

A rebound led by the labor market, housing, autos, manufacturing and consumers.

September 10 2020
Interest Rates . Monetary Policy .
Podcast Rates are going to be low for a long time

September 10 2020

Low and stable interest rates tend to be fertile periods for risk assets.

September 4 2020
Equity . Markets/Economy .
Article 'Hyperinflation is coming. I guarantee it'
September 4 2020

I don't share my neighbor's worry. But this week reminds it's never a 1-way market.

September 23 2020
Monetary Policy . Interest Rates .
Podcast Is there a limit to government spending?

September 3 2020

A growing federal deficit could be concerning if inflation starts to heat up.

September 11 2020
Equity . Markets/Economy .
Article Now what?
September 1 2020

Maybe near-term consolidation. But longer-term, this secular bull has a ways to run.

September 11 2020
Liquidity . Monetary Policy .
Article Encouraging elements of new Fed framework
September 1 2020

If the Fed's strategy to spur inflation works better than expected, hikes might come sooner.

August 28 2020
Equity . Markets/Economy .
Article Double dovish
August 28 2020

Ultra-easy Fed and record stimulus represent a double dose of support for stocks.

August 28 2020
Interest Rates . Monetary Policy .
Article Lower for longer?
August 28 2020

No trip to the Grand Tetons this year, but the Fed presented a monumental announcement.

August 27 2020
Monetary Policy . Fixed Income .
Article Subtle but substantive Fed shift may let inflation build
August 27 2020

Policy change to let labor market run hot as long as prices don’t.

September 1 2020
Fixed Income . Markets/Economy .
Video Reasons to own corporate bonds
August 21 2020

The Fed and money supply make the asset class attractive.

August 24 2020
Equity . Markets/Economy .
Article Shangri-la
August 14 2020

An all-in Fed covers a lot of potential worries and issues.

July 31 2020
Liquidity . Monetary Policy .
Article No shortage of smart
August 1 2020

The Fed keeps making good decisions to support the economy.

August 24 2020
Monetary Policy . Markets/Economy .
Article Boring can be good
July 29 2020

Uneventful FOMC meeting reaffirms stance of maximum support for the economy.

July 30 2020
Fixed Income . Active Management .
Article For fixed income, it's a tale of two walls
July 10 2020

A wall of worry vs. a wall of liquidity is limiting back-half options.

July 10 2020
Liquidity . Monetary Policy .
Article Ebb and flow
July 1 2020

June prime example of how liquidity asset flows benefit investors and the economy.

June 19 2020
Equity . Markets/Economy .
Article It's very dangerous to be a bear here
June 19 2020

Unprecedented sums are at the ready to prop up markets.

June 12 2020
Equity . Markets/Economy .
Article Healthy correction
June 12 2020

By clearing underbrush, the week's sell-off should make the market stronger.

June 10 2020
Monetary Policy . Liquidity .
Article Fed not even thinking about raising rates
June 10 2020

Majority of FOMC participants project the range to remain at 0-0.25% through at least 2022.

June 16 2020
Liquidity . Monetary Policy .
Article Less of zero
June 1 2020

The Fed has been outspoken against negative rates, and a U-shaped recovery could shorten the period they are pinned to zero.

May 18 2020
Monetary Policy . Interest Rates .
Article Negative rates not on the table
May 19 2020

The Fed has made it very clear it isn't interested.

May 6 2020
Liquidity . Monetary Policy .
Article The Fed fine-tunes its response
May 1 2020

That the Fed has been adjusting its policy action is impressive and important.

April 29 2020
Monetary Policy . Liquidity .
Article Fed still putting out fires
April 29 2020

The FOMC statement reiterated it will not hold anything back to aid the economy.

April 9 2021
Coronavirus . Fixed Income .
Article Bet on American ingenuity and entrepreneurial spirit
April 13 2020

As bad as it may seem, history suggests better days and opportunities lie ahead.

April 13 2020
Coronavirus . International/Global .
Article EU fiscal deal finally arrives
April 13 2020

U.K. also announced a new plan, but both might not go far enough.

April 24 2020
Coronavirus . Liquidity .
Article Fed lends a hand to businesses

March 18 2020

Primary dealers and the short end of the commercial paper market are the latest to get support.

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