Welcome to the FIA News & Insights, a one-stop resource that includes insights from senior investment professionals on timely market events, their views on the economy and their respective markets. Find updates on the latest media information on Frost Investment Advisors, LLC and the most recent reprints, as well as, archival information for your reference.
On Aug. 27, U.S. equities rose to another record high as investors took assurance from comments by Fed Chairman Jerome Powell that the withdrawal of stimulus would be gradual.
Powell said the economy has now met the test of “substantial further progress” toward the Fed’s inflation objective while the labor market has also made “clear progress.”
Jeffery Elswick, director of fixed income at Frost Investment Advisors, appeared on Bloomberg’s broadcast show “Real Yield,” telling anchor Romaine Bostick, “I would fully expect that they will formally start slowly cutting asset purchases in October. But as long as they continue to be ultra-dovish on future rate hikes, I don’t think it will create a huge market reaction--at least initially.”
Get the latest posts straight to your inbox