May 16, 2017 — The advance in consumer prices has slowed noticeably in the past two months, prompting discussions about the health of the economy as well as the Federal Reserve’s (“Fed”) planned rate hikes in the months ahead. The slowdown was apparent in the March data for both major measures of inflation: the Consumer Price Index (CPI) and the Personal Consumption Expenditures (PCE) price index.
April 21, 2017—Wilmington Trust has been monitoring several political developments in Europe, particularly the upcoming French Presidential elections, the UK general election and the recent Turkish referendum rendering greater powers to its president. Here we will provide our assessment of these developments.A tightening first round in the French presidential race The first round, on Sunday, April 23, is an elimination round.
December 15, 2016— The Federal Open Market Committee (FOMC) of the Federal Reserve unanimously voted to raise its target for the federal funds rate on December 14 from a range of 0.25%–0.5% to a range of 0.5%–0.75%. The decision was not a surprise to markets, as the market for fed funds futures had priced in a 100% chance of a hike, up from just a 50% chance in September.