Democrats in the U.S. Senate have chosen to move forward with the next pandemic relief package using reconciliation – the arcane process that allows certain bills to circumvent the filibuster rules and pass with only 50 votes, not the typical 60. In light of this,
It’s tempting these days for some investors to question the role of fixed income in portfolios. After all, real yields have plunged, potentially leading to less income today and smaller capital gains tomorrow. But yields are far from the full story. Despite low yields, bonds
Group CIO Dan Ivascyn discusses the factors that will likely keep inflation in check over the longer term. For an extended discussion of our outlook for growth and inflation in 2021, as well as the opportunities we see in markets as the global economy recovers,
The January FOMC (Federal Open Market Committee) meeting was uneventful. As expected, the Fed left policy unchanged, and only made small changes to the FOMC statement to reflect the recent economic weakness related to the resurgence in COVID-19 cases. In his press conference, Fed Chair
Four years after the June 2016 referendum, the U.K. finally struck a deal to exit the European Union (EU). Despite all the attention, controversy, and volatility that Brexit has brought, we don’t expect any meaningful effects on near-term economic activity. Firms are generally well prepared