By Tom Burnett, CFA On Wednesday, January 29, 2020, the Federal Reserve concluded its two-day meeting with a formal announcement that it would not be changing the Fed Funds rate. The target rate remains a range of 1.5% to 1.75%. The Fed’s formal policy statement noted that inflation was low and economic…
By Tom Burnett, CFA On January 20, 2020, the IMF revised its October outlook for global GDP growth down somewhat from its earlier projections. The IMF forecast for global growth now sees modest improvements from 2.9% in 2019 to 3.3% in 2020 and 3.4% in 2021. These slight revisions of 0.1 percent for…
By Tom Burnett, CFA In our continuing review of the performance of defined strategies and investment styles, we have looked at the 15-year comparative performance of large and small market cap (as a reminder, the market cap is defined as shares outstanding times the current price) investment styles.…
By Tom Burnett, CFA On January 10, 2020, the Bureau of Labor Statistics issued its monthly employment data report for December 2019. Job growth came in at 145,000 and totals for October and November were revised down by a total of 14,000. After these revisions, job increases averaged 184,000 for the…
By Tom Burnett, CFA On January 8, 2020, the World Bank issued its latest report on global GDP growth estimates. The latest report updates the estimates from the Bank’s June 2019 report. The January report lowers global GDP growth estimates for 2019, 2020, and 2021 from the earlier June estimates. In…