Elections always bring uncertainty to the market. Midterm elections especially, since historically the current party in charge tends to lose seats, but there’s no guarantee of that happening. In politics, as we know, there’s no guarantee. So how do we...
Summary: Modest growth in spending and production have softened. (No change) Job gains have been robust in recent months, and the unemployment rate has remained low. (No Change) Inflation remains elevated, reflecting supply and demand imbalances related to the...
Summary Decided to raise the three key ECB interest rates by 75 basis points; accordingly, the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will be increased to 1.25%, 1.50%, and...
Road to a Sustained, Above Trend Inflation The initial reaction to Covid-19 was to take every precaution to stop its spread. This resulted in the shutdown of Wuhan, where the virus was first identified. This led to the shutting down of countries’ borders around the...
Key Points Fidelity Investments, Vanguard Group and Alight Solutions – three of the largest administrators of 401(k) plans – are teaming up to reconnect workers with savings left behind at old employers. Current rules allow employers to move accounts of...
