The Fed delivers hawkishness for the holidays
With its December statement, the Federal Reserve reminded markets that much work remains in returning inflation back toward its 2.0% target.
On the future path of rates: Pause does not equal pivot
Portfolio Managers Jason England and Daniel Siluk believe that markets may be underestimating the task at hand with respect to taming inflation and that a pause does not mean a policy pivot.
What can we expect at the Fed's next meeting on interest rates?
Kapstream Capital discuss the impact of inflation on the labour market and the role of monetary policy in the economy.
An easy decision, but Fed watches for gathering clouds
Kapstream Capital explain why persistently high core inflation likely means monetary policy has yet to reach peak hawkishness, despite initial signs of a cooling economy.
When the rising tide that lifts all boats subsides
This year has been a sea of red for many traditional asset classes. Kapstream Capital discuss what's caused the ‘tide that lifts all boats’ to so suddenly subside.
In accelerating policy normalisation, Fed seeks to reaffirm credibility
Kapstream Capital explain why the Federal Reserve (Fed) is prioritising the need to reel in inflation that has proven to be anything but transitory.
Another step towards policy tightening - with a caveat
Kapstream Capital caution against classifying the Fed’s interest rate “liftoff” decision as being unequivocally hawkish.
FED up
Kapstream Capital discuss how they're positioned as uncertainty over global economic recovery and monetary policy entwine, creating a particularly challenging time for fixed income investors.