top of page

New Normal of the American Economy

  • Ballestas Group
  • Sep 23, 2022
  • 1 min read

On Wednesday, the Fed approved a new interest rate hike of 75 basis points for the third time in a row, pushing the Central Bank's benchmark rate to a new target range of 3%-3.25%. This is the highest federal rate since the 2008 financial crisis. Fed Chairman Jerome Powell delivered a message in line with his Jackson Hole remarks, reaffirming his mission to fight inflation to the 2% target. 2-year and 10-year Treasury bond yields came in at 4.16% and 3.72% respectively, inverting the yield curve between rates at -45 basis points.


Recent Posts

See All
Tariff Shock and Market Response

The week was marked by a sharp drop in the main US stock indexes (S&P 500: -9.05%, Nasdaq: -9.99%), in a context of growing trade tension...

 
 
 

Comments


ballestas-logo-blanco-1.png

Securities Offered Through Bolton Global Capital, Inc. Member FINRA, SIPC 

Advisory Services Offered Through
Bolton Global Asset Management, a SEC Registered Investment Advisor

Ballestas Group, Bolton Global Capital and Bolton Securities are not affiliated with BNY Mellon or Pershing, LLC.

State securities laws require that your Financial Representative be registered in the state in which you live.  For this listing, please refer to the Broker Check Link provided.

Check the background of your financial professional or our broker-dealers and registered investment advisor on FINRA's BrokerCheck. ​Bolton Global Capital, Bolton Global Asset Management and their financial professionals do not provide tax services. Copyright Bolton Global Capital, LLC, a registered broker-dealer.  For more information, visit https://finra.org or https://sipc.org.  Copyright Bolton Securities Corporation, d/b/a Bolton Global Asset Management and other trade names, a federally registered investment advisor.

 

Click on the following LINK for copies of the firms’ Form ADV, Client Relationship Summary, Brokerage and Advisory Accounts Fee and Conflicts Disclosure and other important disclosure information.

Ballestas Group © 2023. All Rights Reserved.

MB1/MBA0001d

bottom of page