By Tom Burnett CFA We are early in the year 2022, but the important story for investors is the sharp upturn in interest rates during the first trading week of the year. The yield on the 10-year Treasury bond is now trading at 1.67%. When the Federal Reserve announced in mid-December its intention…
By Tom Burnett CFA On December 15, 2021, the Federal Reserve made it clear that it would be moving to a less accommodative approach to monetary policy. The Fed will be cutting its bond purchase program from $120 billion per month to zero in the March-April timeframe. If conditions warrant, the Fed will…
By Tom Burnett CFA On December 15, 2021, the Federal Reserve announced the results of its December Open Market Committee meeting. The Fed will not be changing interest rates, leaving the Fed Funds rate at a range of 0-0.25%. The Fed did make it clear that the bond purchase program, currently running…
By Tom Burnett CFA On December 14, 2021, the Bureau of Labor Statistics announced the producer price index information for November. The final demand Index rose 0.8% in November, following increases of 0.6% in each of the three prior months. For the 12 months ending in November, the final demand Index…
By Tom Burnett CFA On December 10, 2021, the Bureau of Labor Statistics released consumer price information for the month of November. The CPI increased by 0.8% in November, following an increase of 0.9% in October. The month with the smallest 2021 CPI increase was August with a rate of 0.3%. The price…