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.
Fed Lacking Conviction
Last week the Federal Reserve raised its Federal Funds Rate as expected, to a range of 5.25% to 5.5%. Chairman Jerome Powell’s comments after the meeting were muddled and less than confident. Some confusion is probably warranted as the Fed is still dealing with an unprecedented economy, still absorbing the epic levels of fiscal stimulus unleashed in response to the pandemic, a tight labor market squeezed by a burgeoning number of baby-boomer retirements, large shifts in consumer spending behavior, and de-China-ization.
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