Summary
We wish all our clients and friends a joyous spring! Below we provide a review of markets in the 1st quarter of 2023, which delivered positive and above average investment returns for equities and fixed income, plus our outlook for the balance of the year.
FOMC “dot plot” projections signaled the Fed will hike rates for the last time on May 3rd, and then pause and leave the Fed Funds Rate at 5.25% for an “extended period of time,” and then begin cutting Fed Funds Rates in early 2024. The rule of thumb is that Fed Funds Rates should be 1% higher than inflation rates to force inflation down.
Click Here
to read the full article
Click Here
to read the full article
