Soft Landing, Hard Choices
The Federal Reserve raised interest rates by 50 bps at its December meeting, following four consecutive 75 bp increases. The Fed funds rate target now stands at 4.25% – 4.50%. It had begun the year at zero…
▶︎ Read Dec 12 2022 newsletter: here
▶︎ Chart of the Week: here (by WSJ, Federal Reserve)
(Any “forward-looking” information may include, among other things, projections, forecasts, estimates of market returns, and proposed or expected portfolio composition Past performance is no guarantee of future results. Investing involves risk; principal loss is possible.)
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With inflation running hot, rate hike expectations strengthen
A hotter-than-expected inflation reading has renewed expectations for near-term Federal Reserve tightening. The Consumer Price Index rose 0.6% month-over-month, pushing…
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Leveraged loans keep running up a tab. Senior direct lending already knows what it owes.
