Colleen Kelleher Sorrentino Speaks on Market Volatility and Where to Invest Now on Volume 23 of The Bellringer Interviews
By Tom Burnett CFA On June 29, 2022, the Bureau of Economic Analysis released its third and final estimate of first quarter Gross Domestic Product. Real GDP decreased at an annual rate of 1.6% in the quarter. By comparison, GDP increased by an annual rate of 6.9% in the fourth quarter of 2021. The final…
By Tom Burnett CFA On June 26, 2022, the Bank of International Settlements issued its 2021-22 Annual Report, along with a strongly worded warning about the serious economic problems associated with inflation and its treatment. The BIS is based in Basel, Switzerland and acts as a central bank for the…
By Tom Burnett CFA On June 22, 2022, Federal Reserve Chairman Jerome Powell testified before the Senate Banking Committee. In his prepared remarks, Chairman Powell stressed that fighting inflation is the main Fed priority. The Fed uses the Personal Consumption Expenditures definition of price movements…
By Tom Burnett CFA On June 25, 2022, the Federal Reserve raised its Fed Funds rate by 0.75% to a range of 1.5%-1.75%. The vote was 11 to 1 with the dissenter voting for an increase of just 0.50%. The 75-basis point move was the largest since 1994. The Fed also reiterated its intention to...