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Computer key - 3rd quarter

Push me pull you

The tug of war in US interest rates continued in the third quarter of 2016. The US economy showed some strength on the employment front that pushed rates up, but these forces were offset by Federal Reserve Bank Governors jawboning rates back down. Weak foreign economic news also depressed US rates during the quarter, as… Continue reading →

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Analysis

The 2% solution

The US economy can’t get out of its own way. Seven years of sub 3 percent economic growth have discouraged millions of middle and working-class families and deferred the dreams of the millennial generation. This (seemingly endless) saga of lingering debt, stagnant wages and jarring income  inequality has flummoxed economic policymakers and spurred populist movements… Continue reading →

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Brexit and the bond market

Throughout the second quarter of 2016, the specter of a “Brexit” vote hung over fixed income markets. Federal Reserve policymakers said as much in mid-June, when Chair Janet Yellen admitted that concerns about Britain leaving the European Union (EU) were a factor in the U.S. central bank’s decision not to raise short term interest rates.… Continue reading →

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Where to for stocks? A peek at 2017

Here at Fort Pitt Capital Group, we often describe the stock market as a “forward looking animal,” and with good reason. It functions as a giant discounting machine, putting a price on unknown future profits and cash flows from thousands of companies. With this in mind, we wanted to examine a few of the economic… Continue reading →

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Analysis

Zero no more!

After many months of anticipation, the Federal Open Market Committee (FOMC) recently raised the Fed Funds rate by one quarter of a percent, from a range of 0–.25 percent to .25–.50 percent. Fed Chair Janet Yellen said the increase was justified by both substantial gains in the domestic labor market and a generally stronger US… Continue reading →

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