Q2, 2023: Tick Tok

Growth, Inflation & Policy As of April 23, 2023 GDP & Inflation Over the quarter, inflation continued to tick lower. Despite the recent banking system instability and the collapse of two large banks in the U.S. in mid-March, the Federal Reserve has continued to hike rates. The most recent rate hike highlights the predicament that the…

Read More

Q1, 2023

SUMMARY As of April 17, 2023 Both U.S. and international equity markets rallied in the last few days of March to end the month (and the quarter) with positive returns. As long-term interest rates stabilized, U.S. bonds recovered most of February’s losses, ending the quarter at January-month-end levels. Despite a barrage of economic and policy…

Read More