Following last week’s “hotter” than expected CPI release, the sole focus for the money and bond markets was to, yet again, dial back their Fed rate cut expectations. Ahead of the May FOMC meeting, Kevin Flanagan dives into an aspect of Fed policy decision-making that has been flying under the radar: the balance sheet.
The first three months and change of 2024 has brought with it a rather noteworthy shift in bond market sentiment. With Fed policy decision-making remaining data dependent for the foreseeable future, Kevin Flanagan discusses why investors should consider using the time-tested barbell strategy to navigate not only the current setting, but more importantly, what potentially lies ahead.
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As the inflation marathon enters the homestretch, the last mile might be more difficult. Kevin Flanagan discusses why the journey to the Federal Reserve’s target might not be as smooth as anticipated, and what this could mean for rate cuts and the bond market’s response.
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At today’s FOMC meeting, the Fed did what was widely expected yet again and kept the Fed Funds target unchanged. Against this backdrop, Kevin Flanagan examines the Fed’s balancing act between hopeful markets and the reality of economic indicators and what it means for the future of U.S. Treasuries.
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With income back in fixed income, uncertainty around the bond markets and a new rate regime in play, one strategy (and two new ETFs) can help you prepare for a range of rate scenarios. Learn more about laddered Treasury solutions—the time-tested approach behind our suite of Treasury ETFs.
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With rate cuts now being the primary focus of the markets, the conversation has revolved around when such a move could occur and what the path would ultimately look like. Against this backdrop, Kevin Flanagan discusses the rate cutting cycle that occurred in 1995/1996 and how it parallels the current market environment.
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