The U.S. economy continues to be resilient, will the Fed continue to raise rates? We expect the Fed to raise its rate target by another 75 basis points (0.75 percentage point) this year, to a range of 5.5%–5.75%. We don’t foresee rate cuts before 2024….READ MORE
Are we in a “higher for longer” interest rate environment? In the early weeks of 2023, a disinflationary trend took hold, fueling a market rally and optimism for an impending pause in rate hikes. Volatility surged in March, however, following the failure of Silicon Valley…READ MORE
In follow-up to my video yesterday, I had a number of clients reach out asking if their assets are safe at Schwab. I believe there is no question that the answer is YES. Schwab is a very strong institution that is not caught up in…READ MORE
Consumer activity has been strong, but can that continue? We expect the first reading of fourth-quarter GDP to reflect growth around 3% on an annualized basis. Economic growth was driven by stronger-than-expected consumer activity, with savings drawdowns serving as the primary source of financing amid…READ MORE
Calmer waters should lie ahead for investors. Inflation is falling, the Fed is nearing the end of its tightening cycle, and much of the expected weakness in economic growth is already reflected in market valuations. – Dr. David Kelly, Chief Global strategist, J.P. Morgan With…READ MORE
