The articles below offer general information, opinions, and forecasts and should not be considered advice.
Market Memo
July 2022 – By Kyle Rohrwasser
In last month’s memo, I quoted Jerome Powell; he stated in May that the Federal Reserve (Fed) would not raise the federal funds rate higher than 50 basis points in June, but they moved it to 75 basis points after a higher-than-expected inflation number. This time around a 75-basis point rate hike is locked in but a 100 (1%) basis point move is still on the table.
Continue readingWe are excited to be featuring Bonnie Brztowski this week in our Employee Spotlight! Bonnie has been a part of the team for over 10 years and we are so grateful for everything she does to support our clients and the team! Learn more about Bonnie here.
July 2022 – By Bob Veres
By now, you know that the U.S. Federal Reserve Board raised the so-called Fed Funds rate by three quarters of a percent—the largest increase since 1994. You may also have heard that the size of the increase took everybody by surprise—a list that includes economists, pundits, journalists and professional investors. The news drove the markets, already teetering on the edge, into bear market territory—defined as a 20% drop from previous highs.
Continue readingMark your calendar for THURSDAY JULY 28TH! Vantage is sponsoring a Sounds of Summer live music event at Harmony Park in Arlington Heights. Come visit our booth and grab some fresh popcorn for the concert. See additional details below.
