Jeff Sommer

The markets anticipated the Fed’s decision to reduce interest rates. What wasn’t settled before the Fed’s announcement was how low rates would go.
PERSPECTIVE

What to look out for after the US interest rate cut

While inflation has cooled off, there is a danger that it has not been vanquished

After a fierce rally largely propelled by a handful of tech stocks, the market's rapid climb stalled in August.

Why the stock market’s summer doldrums are not a problem

THE stock market’s months-long rally stumbled this month. The thrill of seeing investment gains, with metronomic regularity, is gone.

It is no exaggeration to say that the entire world’s financial system is based on US Treasuries, and calibrated against Treasury rates.

Why bonds are still essential investments

Give the stock market half a chance and it will dominate the financial headlines. That was certainly the case for July, with...

Bonds provide solid income with much less risk than stocks — in theory, anyway.

Yes, there are alternatives to stocks

At the moment, money market funds and many bonds are not only less risky, but at current interest rates, they are compelling.

The labelling of recessions – and of bull and bear markets – is critical in understanding what has already happened, but these labels aren’t all that helpful for acting now or preparing for the future.

A bull or a bear market? It doesn’t matter

The headlines and market analyses of the past few weeks, saying that stocks are in a bull market, may be a comfort...

Michael S Barr, US Federal Reserve vice-chair for supervision, and FDIC chair Martin Gruenberg testify during a hearing on the recent bank failures in Washington, DC on Mar 29.

The Fed is doing too much, all at once

Beating inflation is crucial for the US Federal Reserve. But so is promoting full employment. And don’t forget about preserving the stability...