The Federal Open Market Committee (FOMC) hiked its federal funds rate target by 0.75% at its July meeting, as expected.
Author: Dr. Brian Jacobsen, CFA®, CFP
Brian Jacobsen is chief portfolio strategist at Wells Fargo Funds Management, LLC. In addition to his role at Wells Fargo conducting research and giving presentations on the markets and the economy, Mr. Jacobsen is an associate professor at Wisconsin Lutheran College.
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When Federal Reserve (Fed) Chair Jerome Powell took the helm of the Fed in 2018, the Fed was close to the end of its rate-hiking cycle that started in December 2015. At the time, he said the Fed would be gradual with hikes. Fast-forward to January 2022, and Chair Powell dropped “gradual” in favor of being “nimble.” Then in the spring of 2022, he said the Fed would move “expeditiously” to bring down inflation.
Last April, the California regulatory agency that oversees air quality announced its plan to encourage the sale of electric and zero-emission vehicles while phasing out the sale of gasoline-powered vehicles by 2035. If approved by the California Air Resources Board, 35% of new passenger vehicles would be required to be powered by electricity or hydrogen by no later than 2026, with 100% compliance to follow 10 years later.
Brian Jacobsen provides perspective on key events and topics for the week of June 25–July 1, 2022, and his thoughts about what the week ahead may hold. Plus: There’s a recap of the second quarter’s key events.
Discussing the major fireworks set off this year and how the theme of independence is taking shape around the globe today are Joseph Dore, head of EMEA Consultant Relations, and Brian Jacobsen, senior investment strategist, with Allspring Global Investments.
Brian Jacobsen provides perspective on this week’s key topics, including the Fed’s 75-basis-point hike in the federal funds rate—plus, his thoughts on what the week ahead may hold. Here’s his report for the week of June 11–17, 2022.
Brian Jacobsen, Janet Rilling, and Jeff Weaver provide perspective on the U.S. economy—and key indicators we monitor to gauge the potential for a recession—as we look ahead to the FOMC announcement on June 15, 2022.
Brian Jacobsen provides perspective on the Russia-Ukraine war and other key topics of the current week—plus, his thoughts about what the week ahead may hold. Here’s his report for the week of May 28–June 3, 2022. Plus: There’s a recap of May’s key events.
Brian Jacobsen provides perspective on the Russia-Ukraine war and other key topics of the current week—plus, his thoughts about what the week ahead may hold. Here’s his report for the week of May 21–27, 2022.
Discussing how investors should be thinking about high-yield fixed income in light of today’s global growth, rates, and inflation environment are Jens VanBrabant, senior portfolio manager and head of European High Yield; Mike Schueller, senior portfolio manager, U.S. High Yield; and Brian Jacobsen, senior investment strategist, with Allspring Global Investments.
