Monday Morning Notes, 11/3/25 Federal Reserve Chair Jerome Powell has navigated a path of increasingly difficult compromises as he manages a politicized Fed. It remains to be seen what rabbit

Course Correction We detect widespread resistance to flipping December calls to no cut, ourselves included. We think, however, that’s the direction this is heading. Despite Federal Reserve Chair Jerome Powell’s

Did Powell Tip His Hand? Federal Reserve Chair Jerome Powell wrangled his colleagues into another rate cut this week, but can he do it again in December? We think he

Final Thoughts Heading Into Fed Day We have been working with many clients over the last two days in preparation for this week’s FOMC meeting and thought it appropriate to

Monday Morning Notes, 10/27/25 If You Don’t Have Time This Morning The Fed will cut policy rates another 25bp at this week’s FOMC meeting and will most likely follow up with

Reassessing the Stars The next few months’ data could reveal a good deal about the economic crosscurrents, and potentially how much of the recent labor market weakness is cyclical versus potentially