The FOMC board that sets interest rates met today. No surprises. Held rates steady – market expected Said one more hike this year – market expected Will hold rates high next year – market does not believe them But we… Read More ›
Perspectives
TSP & Vanguard Smart Investor Posts
Memory Lane
How fitting that Friday marked the 15-year anniversary of something that simply couldn’t ever happen actually happening: The spectacular Lehman Brothers collapse. And while we’re traversing down Memory Lane, the 25-year anniversary of the Long-Term Capital Management implosion is about a week away. That time of the year.
The Speculative Cycle
While economists won’t ratchet Q3 growth estimates up to match the Atlanta Fed GDPNow’s 5.9%, forecasts will be moving higher. The Unemployment Rate is expected to remain unchanged for August, near a multi-decade low 3.5%. August Services PMI data point… Read More ›