Market Week: March 21, 2022

Last week, the Federal Open Market Committee (FOMC) delivered on a very well communicated 25 bps hike, raising its federal funds target range to 0.25%-0.50%.

The Fed is Still Behind the Curve

Fed chairman Jerome Powell reinforced in his comments that the central bank’s primary goal is to tamp down inflation — which is running at a 40-year high — and that it will do what it takes to bring it closer to target.

Market Week: March 7, 2022

When it comes to economic growth in the United States, the consumer is key, accounting for nearly 70%b of gross domestic product (GDP).