Category: Fed

*NOTE: In the next several weeks, I’ll be hitting the road doing presentations and meetings with financial advisors all over the country.  If you happen to work in Miami, Atlanta, South Carolina, Portland, San Francisco, Colorado, Kansas City, Cleveland, or Dallas, email us at and let us know. “My purpose is to make my […]

The Long Pause

  • Fed, Markets
  • Charlie Bilello

The Federal Reserve hiked interest rates for the 9th time this month, bringing the Fed Funds Rate up to a range of 2.25% – 2.50%. The move should have surprised no one, as the bond market was pricing it in for some time. Over the past 3 years, at every FOMC meeting where the market […]

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This Is the End

This is the end. The end of accommodation. The end of easy money. The Federal Reserve hiked interest rates last month for the 8th time, bringing the Effective Fed Funds Rate up to 2.18%, its highest level since April 2008. More importantly, the Fed Funds Rate now stands above U.S. core inflation (2.17%) for the […]

Is Cash No Longer Trash?

Short-term bond yields (1-month through 3-years) are hitting their highest levels in over 9 years. Why? The market (Fed Funds Futures) is expecting the Federal Reserve to hike rates 3 more times in 2018: a 25 basis point move in March, a 25 basis point move in June, and a 25 basis point move in […]

Still Easy After All These Years

  • Fed
  • Charlie Bilello

Let’s pretend you were living in a bunker since February 2009 with no access to the outside world. You come out of the bunker in February 2018 and are presented with the following facts: 1) The U.S. economic expansion is now eight and a half years long, the 3rd longest in history at 102 months […]

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