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We are a national wealth management firm servicing entrepreneurs, business owners, executives, family offices, and institutions.
Learn about the rich history of the firm and today’s mission for our clients.
View our national presence with our offices across the country.
Meet our leadership team at the firm and learn how we support advisors.
Learn more about how we help advisors in the Solutions section! Find out more about our culture, central resources, investments, wealth planning, technology, marketing, and how we empower our advisors.
“I joined Robertson Stephens because I saw an opportunity to collaborate with a group of extremely talented individuals to bring a truly institutional-grade experience to wealth management.”
Michael Ridgeway
Learn more about our insights in the Resources section! Find helpful articles and news from our leadership, including our Investment Office, Chief Economist and Wealth Planning Team.
July 22, 2024 – Economic Commentary
As the Federal Reserve steps gingerly towards its next interest rate decision at the FOMC meetings scheduled for July 30-31, the data released this week will be critical. Markets do not expect any interest rate cut in July but have begun to anticipate a 25 bps reduction at the September FOMC meeting. The timing of the Fed's actions — assuming that the Fed believes, like the European Central Bank before it, that a quarter-point cut is warranted by the slower pace of economic growth and inflation— is suddenly quite challenging. Unlike the ECB, the Fed must realistically consider the optics of a September rate cut six weeks out from a fraught Presidential election. The Trump campaign has already warned against such a move, and while the Fed remains staunchly apolitical, there is a deep self-appreciation that their actions can be influential. Failing to cut rates in September would push the next chance out to November 6-7, immediately following the formal balloting on November 5, also an unappealing thought for a Federal Reserve that wishes to avoid this kind of controversy. This week's data on inflation, economic growth, and labor markets (initial claims for unemployment) may provide a window for the Fed to take action sooner rather than later, guided by the political realities of the next few months.
The midsummer doldrums of the last month before school starts may not happen this year. It's more likely to be delayed-monsoon, early-hurricane weather on a number of levels.
Data to Watch:
Suggested Reading:
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