HOME     Research   Federal Reserve

Federal Reserve

In-depth investment research and commentary from Litman Gregory and our Research Alliance

Nov 01, 2019 Research Alliance Powell Tempers the Fed’s “Hawkish Cut”—Thornburg

While the Fed met expectations in its latest interest rate reduction, it signaled that hikes are a long way off.

Read more
Oct 16, 2019 Research Alliance Repo Market Rate Spikes, Bank Regulation and the QE Misnomer—Thornburg

Recent stress in repo markets reflect the confluence of a shrunken Fed balance sheet amid steady economic growth and increasing capital and liquidity regulations on banks.

Read more
Sep 18, 2019 Research Alliance Forecasting the Next Recession: Will Rate Cuts Be Enough?—Guggenheim Investments

History shows that once our recession forecast model reaches current levels, aggressive policy can delay recession, but not avoid it.

Read more
Aug 26, 2019 Research Alliance Fixed-Income Outlook: Third Quarter 2019—Guggenheim Investments

Credit spreads could get tighter in this liquidity-driven rally, but history has shown that the potential for widening from here is much greater.

Read more
Aug 08, 2019 Research Alliance The Fed Should Hike Interest Rates, Not Cut Them—Guggenheim

By almost every measure policy makers should be considering another rate hike in anticipation of potential economic overheating from looming limitations on output. Instead, debate has been focused on the need to take preemptive action to avoid a potential slowdown.

Read more
Aug 08, 2019 Research Alliance Portfolio Allocation Amid the Tidal Effects of Renewed Fed Easing—Thornburg

The Fed is poised to join the global easing bandwagon, fueling a surge in risk asset prices. As market distortions from easy money grow...

Read more
Jul 18, 2019 Second Quarter 2019 Research Call Replay

Listen to a replay of our second quarter 2019 Litman Gregory research team webinar. Topics covered (among others): macroeconomic conditions, monetary policy, yield curve inversion, expected returns for U.S. and European stocks, alternatives, and fixed income positioning changes. The presentation slides are available at the bottom of the page under Resources.

Read more
Jul 17, 2019 Research Alliance High-Yield and Bank Loan Outlook Report—Guggenheim Investments

Investors may be tempted to go down in credit quality in anticipation of a Fed-induced rally in leveraged credit. History suggests this would be ill-advised.

Read more
Jun 19, 2019 Research Alliance The Market Thinks It Can Predict What the Federal Reserve Will Do. It Can't.—Parametric

Every time the market tries to anticipate what the Fed will or won’t do, it fails spectacularly. So why do we keep looking for interest rate predictions in all the wrong places?

Read more
Apr 29, 2019 Research Alliance The Next Step for the Fed Could Be a Hike—Guggenheim Investments

Continued growth will ultimately lead the Fed to increase rates again. The only questions are when and can anything derail this scenario.

Read more

ROBUST RESEARCH FOR YOUR INBOX

Take the complexity out of navigating the investment landscape for your clients. Sign up below to receive free Litman Gregory research.