Articles

ProBank Austin Advisor

January 25, 2022 - 1 min read

The FOMC meets this week with more specific guidance expected for monetary policy. Financial markets are in a quandary. On one hand, the economy is still expanding at a healthy pace despite the surge in the virus and the labor market is very close to full employment. At the same time, inflation remains well above…

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ProBank Austin Advisor

January 18, 2022 - 1 min read

Market rates moved higher on strong inflation data but slower economic growth. The surge in the omicron variant is having an impact on the economy. Retail sales for December declined by 1.9% from the level in November. Sales excluding autos were down by 2.3%. Spending using the internet dropped by 8.7% for the month reflecting…

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ProBank Austin Advisor

January 11, 2022 - 1 min read

More uncertainty was injected into the bond market with the release of the FOMC minutes. The Fed is caught between a rock and hard place. They are trying to navigate between accommodative monetary policy to promote full employment and neutral monetary policy to address the surge in inflation. It does not help when we get…

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ProBank Austin Advisor

January 4, 2022 - 1 min read

We start the year with many uncertainties which must be monitored to make forecasts. The year ends with as many uncertainties as it began with. Everything is centered around the spread and severity of the virus. The surge in infections has already begun to impact economic activity. The initial impact is keeping people from working….

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ProBank Austin Advisor

December 27, 2021 - 1 min read

The surge in the omicron variant is causing forecasts for 2022 to be changed. The surge in the virus we are currently experiencing is causing forecasts for Real GDP growth to be lowered. The rise of the omicron variant is driving a rapid rise in the infection rate across the country. While this variant appears…

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ProBank Austin Advisor

December 20, 2021 - 1 min read

The economy and financial conditions are a captive of the pandemic risks. The Fed exceeded expectations last week. They did increase the amount of the tapering of bond buying from the $15 billion monthly reduction already being executed by doubling it to $30 Billion a month starting in January. That was much more than we…

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Fintech. Friday. A weekly look at what’s happening in FinTech

December 17, 2021 - 1 min read

TOP STORY | Issue 51 10 Transformative Fintech Predictions: The Future of Finance via fintechmagazine.com In the last decade, fintech has grown at an astronomical rate. Not only is it changing payments and investing, but also how businesses work. It’s no surprise, then, that there are many predictions about what the future of the financial…

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Did Someone Say “Volatility?”

December 15, 2021 - 10 min read

I thought, or at least hoped, that this might be a quick “Happy Holidays” missive closing out the year and wishing everyone the best as we approach 2022. However, that sentiment shifted quickly as the Omicron variant emerged around Thanksgiving, and both the equity and bond markets experienced sporadic convulsions that have not completely abated….

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