The Federal Reserve removed the word “patient” from their forward guidance, effectively making the timing of the first Federal Funds rate change in the last 5 years completely data dependent. Yes, the last time the Federal Funds rate has moved at all was in February of 2010. However, Chairwoman Janet Yellen told us…
The first quarter of 2015 was eerily similar to the first quarter of 2014 when the Polar Vortex put the economy on hold. This year cold weather was only one factor: a West Coast port strike and the impact of a strong dollar on exports also hindered economic activity, while lower capital expenditures by the…
April Update | As of March 31, 2015 ECONOMY: WINTER DOLDRUMS CONTINUE WITH SOME EARLY SIGNS OF A SPRING SNAPBACK Economic Data March 2015’s U.S. economic data (which largely reflect economic activity in February 2015) continued the prior month’s trend of weaker than expected numbers that increasingly point to soft growth in the first quarter…
Please click on the below image to read Richard Gates’ s letter about the processes we have in place to ensure the security of our clients’ personal and financial data: