The most recent reading on fourth quarter US economic growth by the Atlanta Fed GDPNow model has fallen consistently and now hovers at 1.2%, which may cause most of the press conference questions to focus on economic activity, not inflation. On
Economic Insights
FOMC Commentary – December 13, 2023
By Chief Economist, Jeanette Garretty The FOMC statement released today confirmed the intention to keep interest rates unchanged—and, somewhat surprisingly—provided subtle, important support for the current discussion in financial markets about
Robertson Stephens Weekly Commentary – December 4, 2023
Entering the final four weeks of 2023, there is a palpable sense of being at a turning point; the denouement of an economic story written across 2022 and 2023. Although Fed Chairman Jay Powell counseled, as recently as last Friday, that talk about
Jeanette Garretty on Bloomberg Radio
November 27, 2023 - Chief Economist and Managing Director, Jeanette Garretty appeared on Bloomberg Daybreak Asia to discuss U.S. eco data/preview Fed. “I just want to highlight, I think it's going to be an interesting meeting and I think there's
FOMC Commentary – November 1, 2023
By Chief Economist, Jeanette Garretty The FOMC interest rate announcement today came in almost completely as expected, holding the Fed Funds policy target at 5.25%-5.5% and no change in the Quantitative Tightening (QT) program which has served to
Jeanette Garretty on Bloomberg Daybreak: Australia
November 1, 2023 - Chief Economist and Managing Director, Jeanette Garretty appeared on BloombergDaybreak: Australia to discuss her outlook for the US economy as investors await the November Fed Rate decision. “I think that what they're going to do
Understanding the yield curve: why economists use it to predict recessions
October 24, 2023 - Chief Investment Officer, Stuart Katz and Chief Economist & Managing Director, Jeanette Garretty were featured in Fortune to discuss ‘Understanding the yield curve: why economists use it to predict recessions.’ “Every recession
FOMC Commentary – September 20, 2023
By Chief Economist, Jeanette Garretty FOMC Statement The Federal Open Market Committee (FOMC) decision to keep the Fed Funds rate target at the 5.25%-5.5% was not unexpected, although in the last few days there had been speculation that
Robertson Stephens Weekly Commentary – August 7, 2023
The non-farm payrolls number for July released last Friday will dominate discussions about the economy over the next few weeks. Not only was the 187,000 jobs-created figure modestly below expectations, but the Bureau of Labor Statistics reached all
Robertson Stephens Weekly Commentary – July 31, 2023
After last week’s mostly positive US numbers for inflation (trending to 3%), economic growth (2.4% in Q2) and earnings (with an especially big exhale of relief over stabilized regional bank deposit flows), optimism over the Federal Reserve’s ability
