Federal Reserve Will Maintain Accommodative Money Policy

By Tom Burnett CFA On January 27, 2021, the Federal Reserve Open Market Committee issued a strong statement in support of the Board’s “easy” monetary policies.  The FOMC voted unanimously to continue its low-interest rate stance.  The Board is targeting an inflation rate averaging 2% over a measurable…

Kelleher Financial Advisors 4th Quarter 2020 Newsletter

By Tom Burnett CFA   On January 26, 2021, the International Monetary Fund (“IMF”) released its first World Economic Outlook report for 2021.  In general, the Report offers a more optimistic outlook for global growth than it put forth in its October 2020 Report. The latest projection calls for global…

By Tom Burnett CFA   The most recent (January 15, 2021) FACTSET report on earnings forecasts for the S/P 500 Index reflects growing analysts’ optimism over 2021 and 2022 prospects.  The consensus outlook for the 2020 fourth quarter is a decline of 6.8% from the year-earlier quarter.  This decline…

By Tom Burnett CFA   On January 8, 2021, the Bureau of Labor Statistics reported the employment data for the prior month.   After job growth accelerated from the April low, total employment decreased in December by 140,000.  In the prior month, revised figures showed an increase of 336,000.  The…