The Time Has Come
August 26, 2024 — Last week Fed Chair Jerome Powell made his long-awaited remarks at the Fed’s annual Jackson Hole Economic Symposium, where he solidified a policy rate cut at next month’s FOMC meeting. In his remarks, Powell all but declared “mission accomplished” on taming inflation, while acknowledging the weakness in labor markets.
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Fixed Income
Signal Through the Noise
August 12, 2024 -- The unwind of the yen carry trade on the morning of August 5th injected a level of volatility in markets reserved only for crisis periods. The carry trade...
Fixed Income
Market Focus Shifts to Fears of an Economic Contraction
August 5, 2024 -- Until recently, the prevailing market narrative since October was that the Fed was in a "pivot" to eventual rate cuts given a Goldilocks economic...
Fixed Income
Fixed Income Perspectives — August 2024
August 16, 2024 -- This presentation provides an overview of our market outlook and key themes, and it illustrates how Sage is positioned in the current environment.