During this event our Chief Economist Daniel Laufenberg, Ph.D. discussed 2021 and provide his outlook for 2022. Chief Investment Officer John Schonberg, CFA also discussed how these economic factors impact investment management. Towards the end, we had a Q&A session where Dr. Laufenberg and John Schonberg, CFA answered questions from our audience.
As widely anticipated, the Federal Open Market Committee (FOMC) raised its federal funds rate target by 25 basis points at the March meeting, the first change in its target rate in two years and the first increase in over three years. In this article, Dan Laufenberg Ph.D. reviews the rate change and discusses the impact.
In this article Chief Economist, Daniel Laufenberg, Ph.D. goes in-depth on what he sees as critical factors in the current economy and forecasts what to expect next.
For this episode of Stonebridge Soundbites, I chat with Portfolio Manager Brad Stone, CFA who works out of our office in Denver, CO. Brad dives into interest rates and gives his perspective as a long-standing investment manager.
Questions Answered in this Recording:
– What is the basic framework of interest rates?
– What drives The Fed to make interest rate decisions?
– In your experience, how have you seen interest rates impact the markets?
– As an investment manager, how do you analyze interest rate movements, and how does that impact your management of portfolios?
In our first episode of 2022, Bob gives an analyst’s view on what kind of impact the government has on the markets.
Key Take-Aways:
The overall theme of the economic forecast is little changed from the September report, even though some of the details have changed markedly. In this article, Dr. Laufenberg discusses GDP, inflation, unemployment, and the markets.
The headline statistics for the U.S. economy performed very much as expected in the second quarter and seem to be on track to do the same in the third quarter, even though some of the underlying details of the forecast missed expectations.
Solid economic gains are expected as most sectors return to something closer to normal and consumers become more confident to spend. Business investment and government spending most likely will continue to contribute to real economic growth over the remainder of 2021 but also less so than in the first quarter. Consumer inflation spiked in the first quarter and is expected to remain somewhat elevated over most of the year. the risk of inflation becoming a problem is probably higher than it has been for decades.
