Easing into a Solid Economy
September 23, 2024 — A highly anticipated rate cut materialized last week, with the Fed delivering an outsized 50 basis point cut. Based on the slate of data, we wrote previously that economic conditions did not warrant the jumbo rate cut, but Fed Chair Powell and the FOMC were determined not to fall “behind the curve” and be too slow to ease.
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Fixed Income
Fed Delivers Jumbo Cut Amid A Divided Committee
September 19, 2024 -- The FOMC initiated its long-awaited policy action with an outsized 50 basis point cut, lowering the federal funds rate from a range of 5.25% to 5.50%...
Municipal Fixed Income
Heavy Summer Bond Issuance By Texas School Districts Creates Value Opportunity For Municipal Investors
In Texas, heavy population inflows over the last several years have created significant infrastructure needs throughout the state, particularly for new K-12 school buildings.
Fixed Income
Is the Labor Market Weak Enough to Warrant a 50 Basis Point Fed Cut?
September 9, 2024 -- Last week, the long-awaited labor data showed a weakening labor market, but didn't give clear signals for the Fed to cut rates by 50 basis points at...