SPX

The Federal Reserve interest-rate forecast issued this week was more hawkish than almost anyone imagined. Despite what chair Jerome Powell acknowledged as three straight good inflation reports, policymakers now expect to hold their key rate a half-percent higher through 2024 than they envisioned in June. With the Fed still indicating one more hike is likely ...

There is a rare and powerful trend occurring in bond markets. History shows that if left unchecked, it can cause serious damage to equity markets and the economy. Over the last 3 months, US bond markets are in an aggressive and prolonged period of bear steepening of the yield curve. Bear steepening happens when interest rates move higher but it’s long-dated ...