7 min readWhat Kevin Warsh’s Confirmation Signals for Monetary Policy and Market Expectations Key Takeaways Kevin Warsh is now officially Chair of the Federal Reserve after being confirmed by the Senate and sworn in by President Trump. The former Fed Governor takes the seat amid a tricky backdrop characterized by rising oil prices, a lethargic labor market,…
7 min readIntroduction The Bank of Japan’s (BOJ) meeting last month was perhaps the most consequential central bank meeting of the entire year. The BOJ raised interest rates by 10 bps to 0-0.10%, all-in-all a small amount in magnitude. However, this marked the first interest rate increase by the central bank in 17 years. Moreover, it marked…
6 min readIn the past twelve months, inflation has slowly become one of the greatest issues challenging the global economy. As the Fed has responded with the most aggressive interest rate increases in decades, treasury professionals have an opportunity for higher return potential on their cash investments. However, they need to be aware of the impact inflation…
14 min readCo-authored by: Matthew Paniati Abstract The past few years have been mostly predictable for investors, with an expanding economy accompanied by steadily rising interest rates and asset prices. In this two-part series, we examine some recent developments and their implications for the current environment. In part two, we look at the current state of fiscal…
12 min readCo-authored by: Spyros Qendro, CFA Abstract The past few years have been predictable for investors, with an expanding economy accompanied by steadily rising interest rates and asset prices. In this two-part series, we look at some recent developments and their implications for the current environment. In part one, we look at recent equity market volatility,…
2 min readIntroduction With just two days remaining until the Federal Reserve Board’s key policy meeting, it is almost impossible to avoid the term “quantitative easing round two (QE2)” in the financial press. Ever since the keynote speech by Fed Chairman Ben Bernanke last August , rumors have been rampant that the Fed will implement a daring…