The Federal Open Market Committee hiked rates by 25 basis points (bps) and kept its quantitative tightening plans in place. It did acknowledge that financial conditions have tightened and progress has been made on inflation.
Author: Dr. Brian Jacobsen, CFA®, CFP
In a special St. Patrick’s Day-themed podcast, Matthias Scheiber, head of Global Portfolio Management, and Brian Jacobsen, senior investment strategist for Allspring’s Systematic Edge Multi-Asset team, discuss the risks, opportunities, and outlook for commodities.
The Federal Open Market Committee (FOMC) meets next week on Tuesday and Wednesday, March 21‒22. A week ago, investors were fretting over whether the FOMC might speed up its rate hikes. Now, some are saying the FOMC might cut rates. What’s changed in such a short time? Things are breaking, that’s what.
We had some pretty wild data releases over the past few weeks. From November through December, retail sales declined each month, and so did manufacturing activity. Then, we had a bit of a recovery in January. Nonfarm payroll growth was astonishingly high throughout that whole three-month period. How can investors make sense out of the mixed macroeconomic messages?
Brian Jacobsen, senior investment strategist for Allspring’s Systematic Edge Multi-Asset team, looks back at key themes that drove markets in 2022 and ahead toward themes that may affect markets in 2023 or beyond.
The Federal Open Market Committee (FOMC) hiked the federal funds rate by 25 basis points (bps; 100 bps equal 1.00%).
In the third episode of Allspring’s 2023 outlook series, Brian Jacobsen, senior investment strategist, and Matthias Scheiber, head of Systematic Edge Multi-Asset for Allspring Global Investments, discuss the five dimensions to purposefully refining portfolio construction after a year when traditional balanced portfolios got battered.
For some Federal Open Market Committee (FOMC) meetings, the result seems obvious ahead of time to just about everyone. This was one of them. When the result is obvious, the market shouldn’t react much because there’s little room for a surprise to push prices around. But this time, the market did react. Why? It’s simple: The FOMC is splintering into factions, and that makes the outcomes from future meetings much less obvious.
The people have spoken (at least those who voted), and 2023 and 2024 will be host to a divided government. The conventional wisdom is that a divided government is a good thing for markets. That’s not always, or even often, the case.
Surprising no one, the Federal Open Market Committee (FOMC) voted to hike its policy rate by 75 basis points (bps; 100 bps equal 1.00%) to a range of 3.75% to 4.00%.