Five Charts For The Week That Was
The International Monetary Fund cut its outlook for global growth in 2025 to 2.8%, down from an earlier forecast of 3.3%. The reduction largely was driven by the 1.8% forecast for Ten Charts to Think About Instead of Taxes
It is estimated that 62% of US households own stocks, a percentage that has increased substantially over the last two decades. Nevertheless, real estate still represents the largest single component
Market Recap: April 3, 2025
Chief Economist Jeanette Garretty and Chief Investment Officer Stuart Katz discuss the recent tariffs announcement and its impact on markets.
Markets reel as US tariffs stoke fear of ‘spiral of doom’ for growth
Chief Economist Jeanette Garretty was quoted in Reuters discussing the market reaction to the Trump Administration’s new tariffs. “People were talking earlier about whether clarity would boost the market,” said Garretty. Read Q1 2025 Economic Recap
By Jeanette Garretty, Chief Economist The Big Story: Consumer Confidence Craters The most unexpected and attention-grabbing development in the first quarter was the sharp decline in US consumer confidence in FOMC Interest Rate Announcement, Summary of Economic Projections (SEP) and Fed Chairman Powell Press Conference
By Jeanette Garretty, Chief Economist There were a few surprises in the Federal Open Market Committee Interest Rate decision this morning. The top line number – the Fed Funds target rate—was
Powell’s ‘Biggest Tell’ on Where Rates are Going
Jeanette Garretty says the Fed was “very confident” after they decided to pause rate cuts this week. She says Powell’s “biggest tell” is his repeated mention that Fed policy is FOMC Commentary – December 18, 2024
By Jeanette Garretty, Chief Economist Confirming recent expectations in financial markets, the Federal Open Market Committee (FOMC) announced a further 25bps cut in the Fed Funds rate while changing projections FOMC Commentary – November 7, 2024
By Jeanette Garretty, Chief Economist Today, the Federal Open Market Committee (FOMC) of the Federal Reserve announced a 25 bps Fed Funds rate cut, resetting the target Fed Funds rate