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Posts by Steve Lennart

U.S. Debt Ceiling

Monthly Economic News

INVESTMENT COMMITTEE COMMENTARY April 2023 Investors weighed three key issues in April: The Federal Reserve’s (Fed’s) next interest rate move, corporate earnings, and the financial strength of U.S. regional banks. The Fed did not meet in April but did raise interest rates by 25 basis points on May 3rd. The Fed hinted at a pause of further…

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Second Quarter Outlook

Monthly Economic News

INVESTMENT COMMITTEE COMMENTARY March 2023 March began with investors remaining focused on inflation and potential interest rate hikes, but the sudden failure of Silicon Valley Bank, at the time the 16th largest bank in the United States, shifted investor focus to a potential banking crisis. Signature Bank of New York failed just days later which…

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