Newsletter: June 2023

Macro Overview Congress passed legislation during last-minute negotiations to avert a default on the nation’sdebt. The suspension on the U.S. government’s $31.4 trillion debt ceiling is temporary untillawmakers finalize legislation to fund ongoing federal obligations....

Newsletter: May 2023

Macro Overview Concern over additional bank failures has created ongoing uncertainty for equity and bondmarkets, as the collapse of First Republic Bank this past month has become the second-largest bank failure ever, with $229 billion in assets and over $100 billion...

Newsletter: April 2023

Macro Overview The failure of two regional banks unsettled equity and fixed-income markets globally inMarch. Financial contagion risks were at the forefront of the financial markets as the closureof Silicon Valley Bank and Signature Bank fostered turmoil throughout...

Newsletter: March 2023

Macro Overview Inflation worries persisted in February as government data revealed stubbornly elevatedprices for food and energy. As a result, the Federal Reserve’s policy on additional rateincreases continues to bombard the equity and bond markets. The Fed’s concern...

Newsletter: February 2023

Macroeconomic Overview Inflation became less of a concern in January as the most recent data revealed sixconsecutive months of falling prices. The most recent inflationary data, as measured by theConsumer Price Index (CPI), fell to 6.5% after reaching 9.1% in June....
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