Economic Overview: Federal Reserve officials agreed they would need to see inflation come down more before lowering interest rates, and expressed concern about the impact that tariffs would have in making that happen, according to meeting minutes released today. Policymakers on the Federal Open Market Committee unanimously decided at the meeting to hold their key […]

Economic Overview: The Federal Reserve kept interest rates at the current target range of 4.25% to 4.50% at the conclusion of its January meeting, but policymakers warned that inflation remains “somewhat elevated.” The pause comes after the central bank cut rates three consecutive times to end 2024. At his press conference, Federal Reserve Chair Jerome […]

Economic Overview: The Federal Reserve cut interest rates by a quarter point this week, bringing the target range to 4.25% to 4.5%. The central bank revised its outlook for rate cuts in 2025, however,  indicating that there will be two reductions. That’s down from the four forecast in September. Fed Chair Jerome Powell said that the […]

Economic Overview: According to Goldman Sachs, The S&P 500 is still projected to climb some 9% to 6,300 in the next 12 months. Their researchers forecast growth in earnings-per-share of 11% in 2025 and 7% the year after, though they point out that those estimates may change as more about the new administration’s policy agenda […]

Economic Overview: Better-than-expected earnings growth, on the back of an economy that is continuing to expand, is likely to drive US stocks higher over the next year. “The idea that the economy is growing suggests that if fair value is around the current level, then the forward trajectory of the index is going to be […]