Weekly Market Update | March 17, 2017
The FOMC raised the target range of the federal funds rate by 25 basis points. After only two rate hikes in two years, the Fed has now executed two more increases in only three months. Strong data, headlined by solid February nonfarm payroll data, coupled with Chair Janet Yellen’s remarks prior to the March pre-meeting blackout all but assured that a rate hike would occur.
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Weekly Market Update | March 10, 2017
The market is nearly certain the Fed will raise the fed funds rate this week. Friday’s nonfarm payroll (“NFP”) data release was the last piece of economic data for the FOMC to digest prior to the March 14-15 meeting and it should be sufficient to provide the confidence necessary to raise the benchmark interest rate.
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Weekly Market Update | March 3, 2017
Equity markets entered record territory once again this year. All three major equity indices set record highs on Wednesday before giving up some of the gains to close out the week.
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Weekly Market Update | February 24, 2017
The Trump rally rolls on. Benchmark indices recovered in late trading Friday, offsetting earlier losses, with the DJIA setting a record-high close for the 11th consecutive day.
View full February 24, 2017, report