Latest Insights

As expected, the Federal Open Market Committee (FOMC) kept monetary policy unchanged at its meeting this week but clearly signaled that they are preparing to reduce the magnitude of (i.e. taper) their asset purchases.

Retail sales were stronger than expected in August, up 0.7% month-over-month versus expectations for a 0.7% decline.

The Federal Reserve’s Beige Book report, prepared in advance of the upcoming Federal Open Market Committee (FOMC) meeting on September 21-22.