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Markets Climb as Fed Shifts

Kevin Warsh’s Senate Banking Committee confirmation hearing for Federal Reserve Chair on April 21 placed the central bank’s upcoming leadership

April 2026 Monthly Bond Market Review

Recent economic data point to moderating growth alongside rising inflation pressures, as the U.S.-Israeli military campaign against Iran that began

Geopolitics Shape Markets, Fed Watch

Geopolitical headlines continue to materially impact market sentiment, and the latest news flow has been constructive. Israel and Lebanon agreed

March 2026 Monthly Bond Market Review

February economic data continued to reflect the measured disinflationary progression that has characterized conditions throughout the post-pandemic normalization cycle, with

December 2020 – Bond Market Review

The economy has improved significantly from the early stage of the pandemic, but GDP remains well below its pre-pandemic peak and unemployment remains elevated. In the near-term, we believe downside risks to the economy remain due to a resurgence of the virus and the ongoing stalemate in Congress over additional fiscal relief. Economic data is likely to soften in the next few months, in our view, as many regions implement renewed lockdown measures. Looking further ahead, however, we remain very optimistic about progression toward a vaccine, which should help propel the economic recovery next year. A limited number of vaccine doses are expected to be available before year-end, and we expect more widespread distribution of a vaccine by the second or third quarter of next year. We believe ongoing progress on both vaccines and therapeutics will help fuel the economic recovery in 2021, especially in the back half of the year. We also expect the Fed’s highly accommodative monetary policy framework will continue to provide support for the financial markets.

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