Kent Engelke

The change in Fed expectations is incredible.  Two weeks ago, the market was pricing in a chance of rate cuts as early as

Markets were relatively quiet as many European and Asian markets were closed in honor of Easter.  Bloomberg reported that volume was about

The Treasury market reversed course, with yields dropping, after softer jobs opening data bolstered speculation the Federal Reserve is approaching the end of its aggressive rate hiking

Markets were bifurcated as the tech heavy NASDAQ fell about 0.30% on inflation fears, concerns arising from an unexpected cut in OPEC+’s production.   The Dow advanced about

Led by the financials and technologies, equities advanced before today’s release of the Federal Reserve’s preferred measure of

Will the yield curve continue to steepen? The collapse in the yield of the two yield Treasury is breathtaking and based upon this data point, rate cuts in the coming months are

Equities, led by growth, staged a modest advance on the belief the overnight rate will be lower by 75-100 bps by year’s end.  During the past month, the NASDAQ has outperformed most other markets primarily because of this belief.  The question at hand will this belief turn into reality? Many times, there have been false … Read more

The FOMC voted unanimously to increase its target for the federal funds rate to a range of 4.75% to 5.0%, the highest since September 2007.  The Committee stated

Today is the commencement of the two-day FOMC meeting.   I have been in the industry for 3 ½ decades and this is the first time that I can remember a FOMC meeting that has had such a