by Cliff Jarvis | May 8, 2023 | Uncategorized
The dramatic rise in interest rates caused havoc in the financial markets last year as inflation accelerated. Now, with interest rates much higher, everyone is wondering where they go from here. The focus is on inflation, but there is another driver keeping interest...
by Cliff Jarvis | Apr 24, 2023 | Uncategorized
In response to the Financial Crisis in 2008, our Federal Reserve lowered their short-term target interest rate to near zero. They also began a program labeled Quantitative Easing (QE). QE means that the Fed started buying Treasury Bonds and Mortgage Securities in...
by Cliff Jarvis | Apr 24, 2023 | Uncategorized
2022 was a difficult year for both the stock market and the bond market. Fortunately, January started this year off on a positive note only to give back some of the gains in February. So here is where we are now (2/28/2023). *The S&P 500 is up 3.7%. * Our Federal...
by Cliff Jarvis | Apr 24, 2023 | Uncategorized
January was a surprising month. After a troubling 2022, the markets began this year with a jump. The S&P 500 was up 6.2%, and the NASDAQ up was up 10.7%. This was not something that was widely expected. Our modern economy is now constantly buffeted by fiscal,...
by Cliff Jarvis | Jan 25, 2023 | Uncategorized
2022 was not a good year for the markets. After years of inaction the Federal Reserve decided to normalize their short-term interest rate target, raising it from near 0% to over 4% in just one year. The Federal Reserve’s dramatic action, after years of inaction, hit...
by Cliff Jarvis | Nov 4, 2022 | Uncategorized
Our Federal Reserve raised the interest rate on the overnight rate that banks charge each other (Fed funds rate) by another .75%. The Fed has kept that rate near 0% for most of the last 10 years to support the economy after the 2008 banking crisis. Inflation remained...
