Author: Scott Anderson

U.S. Outlook: Where there is smoke, is there fire?

Scott Anderson
Chief Economist
Busy street view of US Capitol from a few blocks away.

There has been much activity in Washington unrelated to tax reform from congressional hearings on Russian entanglements to a delayed House vote on a replacement for the Affordable Care Act. Risks that the new administration and Congress could get side-tracked from their tax cut, infrastructure, and deregulation agenda are on the rise. For more on […]

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U.S. Outlook: Interest rate normalization is ‘hurry up and wait’

Scott Anderson
Chief Economist
Graph showing recent downward trend in consumer spending.

“Hurry up and wait” pretty well describes the state of monetary policy today as the Fed goes further down the path of interest-rate normalization. With the March rate hike decision, the FOMC, in my opinion, took the opportunity to fire a shot across the bow against rapidly tightening labor markets, rising consumer inflation, and stock […]

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Instant Analysis: Fed raises rates at March meeting

Scott Anderson
Chief Economist
Close up of the Federal Reserve building with the eagle statue

The Federal Reserve raised the fed funds target rate range today by a quarter percentage point to 0.75 to 1.00% from 0.50 to 0.75%, as expected. There was one dissent in the Federal Open Market Committee (FOMC) decision, as Neel Kashkari preferred to maintain the existing target range for the Fed funds rate. The move […]

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U.S. Outlook: An early spring for the jobs report

Scott Anderson
Chief Economist
Graph showing recent rise in the labor force participation rate.

The payroll report for February did not disappoint. Job gains were 235K; our forecast was for 220K.

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