MONETARY POLICY
First Trust: M2 Slowdown Finally Gaining Traction
The lags between a shift in monetary policy and the economic impact are long and variable. While the actions of the Federal Reserve during the pandemic were unprecedented, it finally looks like the excess money pumped into the economy has worked its way through the system. And with the M2 measure of the money supply […]
Federated: An Aggressive Fed
The Fed hiked rates and put inflation on notice with hawkish projections. Stability is in short supply in the world, but the Federal Reserve is determined to find it, at least with respect to prices. While Russia’s invasion of Ukraine has added significant uncertainty into the outlook, the Fed clearly is centered on the […]
Federated Hermes: A Familiar Course
The success of the Fed’s first taper gives us confidence it will work well again. 2013 seems so long ago—and if you don’t agree, a few tidbits should do the trick. That was the year of Pope Francis’ inauguration, the Candy Crush app and the indulgent Cronut. Selfies reached such a fever pitch the […]
Federated-A Fed Flood
The Federal Reserve slashed rates to near zero Sunday evening. The Federal Reserve pulled out almost all the stops on Sunday evening, lowering the fed funds target range by 100 basis points to a range of 0% to 0.25%. The Fed also announced intention to buy $500 billion of Treasury securities and $200 billion […]