Our Commentary

Market Update: September 21st, 2020
Weekly Market Update Jodi Vleck Weekly Market Update Jodi Vleck

Market Update: September 21st, 2020

By sector, energy, industrials, and materials led the way last week, up at least a percent each; communications, consumer stocks, and #tech all declined at least a percent. Reports of Federal Trade Commission anti-trust discussions about Facebook brought down sentiment. Commodities earned positive returns last week, with strength in energy and agriculture outweighing flattish returns elsewhere.

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Federal Reserve Update
Giri Krishnan Giri Krishnan

Federal Reserve Update

Earlier on Wednesday, the Federal Reserve Open Market Committee (FOMC) raised the fed funds target rate by 0.25% to a new level of 2.25-2.50%, which was widely anticipated. The formal Federal Reserve statement was little altered from November, since it noted that economic activity remained strong.. 

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