Recent Posts

Rates Rise as Jobs Weaken

October 2, 2026 Employers added 29,000 jobs in September, well short of the 90,000 economists expected, and revisions removed a

Strong Data Sparks Yield Surge

September 25, 2026 Financial markets repriced the outlook for interest rates this week as incoming data pointed to continued economic

Fed Raises Rates

September 18, 2026 The Federal Open Market Committee (FOMC) raised the federal funds target range by a quarter point on

Fed Faces Tough Rate Decision

September 11, 2026 Inflation data took center stage this week ahead of next Wednesday’s Federal Open Market Committee (FOMC) and

Jobs Data Shifts Fed Outlook

September 4, 2026 The prior week’s Jackson Hole keynote by new Federal Reserve Chair Kevin Warsh struck a more hawkish

Fed Signals Patience

August 28, 2026 Federal Reserve Chair Kevin Warsh delivered his first Jackson Hole address this morning, placing inflation firmly at

August 2021 – Bond Market Review

While some pockets of the economy remain dislocated, US real gross domestic product (GDP) has recovered to pre-pandemic levels. The recovery has been fueled by robust fiscal spending, accommodative monetary policy, and vaccinations. These factors are beginning to moderate but should continue to provide tailwinds for the economy in the coming quarters. COVID-19 infection rates in the US have reaccelerated up but remain well below their peak. Nevertheless, the surge in infection rates will likely disrupt expectations for a full economic reopening this fall. Some pandemic-related fiscal relief has started to phase out, but an infrastructure spending plan is likely on the horizon. Meanwhile, the Federal Reserve remains accommodative and continues to facilitate further improvement in the labor market. Estimates for US GDP growth remain strong. The current Bloomberg consensus estimates for 2021 and 2022 US GDP growth are 6.5% and 4.2%, respectively.

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Holiday Closure Notice:

Chandler will be closed on Monday, October 12 in observance of Columbus Day