March 8, 2019— The European Central Bank (ECB) surprised markets yesterday with an earlier-than-expected announcement of policies intended to support growth in the face of persistent downside risks to the eurozone economy. The ECB’s actions might suggest the possibility of reacceleration in the eurozone economy after a marked slowdown in 2018.
March 1, 2019— On March 2, the specter of the country’s swollen debt levels (the accumulation of budget deficits and surpluses over history) will return to the forefront of market attention once again, as the federal government approaches the deadline for reinstatement of the debt ceiling (the limit on government borrowing set by Congress).
December 20, 2018 – The Federal Open Market Committee (FOMC) hiked the target Fed Funds rate as expected yesterday by 25 basis points from 2.25% to 2.50%. The statement and press conference suggested that the outlook for the U.S. economy was one of decelerating but still solid growth, underscored by labor market tightness. However, it also highlighted, as we expected, that the Fed will likely have to slow its pace of hikes in 2019 and is more uncertain about the path of hikes going forward.