Don’t expect multiple Fed cuts soon, says top economist

Harris Allday sits within EFG Private Bank, the group’s UK subsidiary. Credit: Tobias Arhelger/ Shutterstock.com. EFG International has reached a deal to transfer the front-end teams and client assets of Harris Allday to Canaccord Wealth.  Financial terms of the deal remain undisclosed.   Access deeper industry intelligence Experience unmatched clarity with a single platform that combines…

Brazil remains a good old-fashioned emerging market play, while volatile semiconductor manufacturers distort Asian stock indices. Financials make up 40% of the MSCI Brazil stock market index, with energy and materials combined accounting for nearly 30%. The Ibovespa index enjoyed a thrilling spring as global investors looked for a hedge against surging commodity prices. While…

U.S. Department of Housing and Urban Development Affordable rental housing financed by private activity bonds is showing a mix of good and bad news with big changes expected in the mobile home subsector by way of the 21st Century ROAD to Housing Act.   Processing Content “We observe divergent financial and operational performance trends across our nonmilitary,…

The drive-thru line at Chick-fil-A stretched around the block, packed with oversized SUVs at 10 a.m. on a Tuesday. Engines idled. No one honked. No one seemed in a hurry. It was one of my first glimpses of life in Wichita, and it felt like a different world. I had just finished my postdoctoral training…

Fed chairman Kevin M. Warsh described the September increase as removing a “dose of accommodation so that financial and credit conditions would be more consistent with our ultimate objectives,” the New York Times reported.   Warsh has not spoken publicly since that September 16 press conference, according to Reuters.  Staff estimates in the minutes put…