Archive for March 2023

Weekly Market Commentary THE WEEK IN REVIEW: March 19 – March 25 Fed bumps rates another 25 basis points while banks continue to make markets nervous The Federal Reserve raised interest rates at last week’s meeting by another 25 basis points (0.25%), bringing the federal funds rate to 4.75%-5.0%. This was the ninth increase since…

Weekly Market Commentary THE WEEK IN REVIEW: March 12 – March 18 Are there cracks in the banking system’s foundation? To say lots has been happening in the U.S. banking system over the past two weeks is quite the understatement. First Silicon Valley Bank and Signature Bank were closed by regulators. Then fissures appeared over…

Weekly Market Commentary THE WEEK IN REVIEW: March 5 – 11 Powell disappoints markets – again “More work to do” and be prepared to sit on higher rates, is what Federal Reserve Chairman Jerome Powell effectively told Congress last week. The Fed will likely raise interest rates more than expected to combat high inflation at…

Weekly Market Commentary THE WEEK IN REVIEW: Feb. 26 – March 4 March picks up where January left off Remember the phrase, “March comes in like a lion and goes out like a lamb?” As we closed out a turbulent February, where we gave back almost half of our sparkling January returns, March started much…