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For the second consecutive quarter, the Fed chose not to raise rates. At the same time, it announced plans for being to reduce its balance sheet. The drawdown, set to begin in October, will be passive and gradual.
In an April 2017 report, the U.S. Census Bureau examined changes in young adulthood over the last 40 years. The study looked at how the economic and demographic characteristics of young adults (ages 18 to 34) have changed from 1975 to 2016.
Strong 2016 performance and a sharp rally in credit spreads have prompted some investors to take a cautious view of high yield bonds.
Emmanual Macron’s presidential election win is likely to make Europe overall more attractive to investors.
We believe global economic growth is set to improve this year, although the risks surrounding political uncertainty could be rising around the world.
In most credit cycles, the market hits a point when credit rating downgrades far exceed upgrades. This ratings migration process can significantly impact the valuations of securities, particularly when credits are downgraded from a rating of investment grade to high yield.
As expected, the Federal Reserve recently increased the benchmark federal funds interest rate to 1.00%, a 0.25-percentage-point increase, its second increase since December 2016.
The U.S. Federal Reserve's (Fed) policy-making committee increased the benchmark federal funds interest rate to 1.00%, a 0.25-percentage-point increase. This follows an increase in December 2016.
It's not unusual for a new year to bring changes. But 2017 may be particularly noteworthy.
We review the potential impact that President-elect Donald Trump and his administration may have on the economy, interest rates, the stock market and more.