Banks Have Changed Their Business Model and Public Funds Investors Are Implicated
There was a time when banks seemed to dominate the public funds investment world. For...
Halftime: What’s in Store for the Balance of 2026?
Last week’s Crane Money Fund Symposium brought together portfolio managers who invest assets in...
Transparency: The Fed’s Mandate
Federal Reserve Chair Kevin Warsh’s post Federal Open Committee meeting news conference got me thinking...
Why the Director of National intelligence is Involved in the Federal Agency Market
It may not be immediately apparent, but President Trump’s naming Bill Pulte Interim Director of...
Dashboard
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Money Market Yields
Fed Easing is No Longer a Central Theme for investors as Possible Fed Tightening Gains Attention
Perhaps it’s an old story today but investors have fully washed Fed easing from their thinking and have begun to incorporate the possibility of tightening late this year or early in 2027. Inflation will not evaporate immediately, even if the Iran war is ended. Capital requirements for artificial intelligence growth will keep the cost of capital–AKA interest rates–high, and the federal deficit overhangs. Do term investments have value at these levels? Depends on whether you believe Fed tightening is in the wings.
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Insights
Banks Have Changed Their Business Model and Public Funds Investors Are Implicated
Halftime: What’s in Store for the Balance of 2026?
Transparency: The Fed’s Mandate
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