monetary policy

Catch-22

October 11, 2018

Shortly after the Tax Cuts and Jobs Act was passed on November 2, 2017, there was a lot of optimism that businesses would spread the wealth by sharing their tax-cut windfall [...]

Stepping on the Gas

February 1, 2018

The economy is doing well – low unemployment, accelerating growth, rising corporate earnings and even some better wage growth, which has been notably lacking during the [...]

Great Expectations

March 29, 2017

The market response to last week’s Federal Reserve meeting and press conference was somewhat perplexing.  The interest-rate hike itself wasn’t a surprise – [...]