All Posts Tagged: Federal Reserve

U.S. Outlook: Is tighter monetary policy already beginning to bite?

Scott Anderson
Chief Economist

The September FOMC minutes, released Wednesday, revealed an upbeat assessment of current U.S. economic conditions and the outlook.

Federal Reserve building (Washington DC) at dusk.At the same time, the Fed dismissed the downside risks to the U.S. economy from Hurricane Florence, the China-U.S. trade war, and foreign economic developments as having only a small net effect on U.S. real GDP growth.

For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on Oct. 19.

Key observations:
  • It will still be quite some time before we see the impacts that the Fed tightening to date has had on our economic and financial conditions.
  • The September FOMC minutes commented in several places about rising equity prices and loose financial conditions in the marketplace as a vulnerability and risk to financial stability.
  • Interest-rate-sensitive sectors of our economy from housing to auto sales are already slowing in part due to higher interest rates.
  • From my chair, the FOMC dot plot median feels like an economist’s fairy tale.

Read my full report.

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U.S. Outlook: Don’t let the headline fool you; job engine is intact

Scott Anderson
Chief Economist
Business people on a break in a glass covered space.

Hurricane Florence muddied the waters of the September payroll report.

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7 ideas for business owners looking to tackle costs

Michelle Di Gangi
Small Business Banking
Woman small business owner on the phone at her desk & scanning her computer monitor.

Savvy business owners know that surviving and flourishing is all about keeping costs under control, regardless of the external business environment.

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Investment Insights: Tariffs and rate hikes galore

Wade Balliet
Posted by Wade Balliet
Investment Strategy
Shipping dock workers (2 men) standing next to piles of steel to be shipped.

Foreign policy and monetary policy continue to be main drivers for the financial markets – and that makes for a fairly eventful week.

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U.S. Outlook: Bracing for a hawkish FOMC meeting

Scott Anderson
Chief Economist
Upscale shopping center with empty parking spaces in front.

There are growing signs of moderation in some U.S. economic indicators, such as home sales and prices, but business sentiment and consumer confidence remain high.

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