Jul 31, 2025 | Notes from the Desk
Chairman Powell clearly prefers to be remembered as ‘Too Late Powell’ rather than as ‘Push Over Powell’, as the FOMC held the policy rate steady at 4.25-4.50%. The meeting marked the first time since December 1993 that two committee members dissented from the vote....Jul 24, 2025 | Monthly Commentaries
‘If you want a guarantee, buy a toaster.’ Clint Eastwood Last month, we noted that while the future is always unpredictable, Trump’s erratic policies and policy shifts have increased the level of uncertainty. The President encapsulated the situation a day before...Jul 4, 2025 | Notes from the Desk
It appears that the Fed can take the summer off, with job creation in June exceeding expectations. The numbers. 147k jobs were created, beating expectations of 106k. The prior two months were revised up by 16k. The mix was a touch weak, with state and local government...Jun 6, 2025 | Monthly Commentaries
‘There are known knowns…there are known unknowns… But there are also unknown unknowns – the ones we don’t know we don’t know.’ Donald Rumsfield There is uncertainty, and there is uncertainty. As while the future is always unpredictable, a distinction can be made...May 8, 2025 | Monthly Commentaries
‘The waiting is the hardest part.’ Tom Petty In today’s world of instant gratification, patience is a rare commodity. After all, a mere 10-minute delay on Uber Eats feels like an unbearable ‘why me’ moment. Why are they taking so long to pick up the order? Did they...
