Interest rates

‘Somewhat’ moderated growth led to FOMC decision, minutes show

‘Somewhat’ moderated growth led to FOMC decision, minutes show

The Federal Open Market Committee’s decision to reaffirm the zero to 0.25% target range for the federal funds rate at its March meeting was based on “somewhat” moderated economic...

April 08, 2015 | 03:48 pm

Mercer: S&P 1500 DB funded status holds steady in March

The aggregate funded status of defined benefit plans sponsored by S&P 1500 companies remained at 80% as of March 31, a Mercer report said.

April 07, 2015 | 03:08 pm
Beneath the ugly face of second half 2014 lies the beauty of opportunity in 2015

Beneath the ugly face of second half 2014 lies the beauty of opportunity in 2015

In our view, the coming year will resemble more the volatility of the second half of 2014 than the prolonged, virtually uni-directional (i.e., up!) market that leveraged credit investors have enjoyed ...

March 26, 2015 | 10:16 am
Fed reaffirms low federal fund rates, but drops ‘patient’ in approach

Fed reaffirms low federal fund rates, but drops ‘patient’ in approach

The Federal Open Market Committee is reaffirming the current zero to 0.25% target range for the federal funds rate, said a statement Wednesday at the end of a two-day meeting.

March 18, 2015 | 03:49 pm
Corporate pension funds weigh derisking vs. re-risking

Corporate pension funds weigh derisking vs. re-risking

Corporate plan sponsors on both sides of the Atlantic are pushing back against the ramifications of lower interest rates, tipping a balance to re-risking from a derisking glidepath, say money...

February 23, 2015

Fed minutes show patient approach to raising funds rate

Members of the Federal Open Market Committee discussed the trade-offs in raising the federal funds rate or delaying action longer at their meeting in January, according to minutes released Wednesday.

February 18, 2015 | 03:38 pm
BofA: Managers grow more positive on Europe following ECB actions

BofA: Managers grow more positive on Europe following ECB actions

Money managers' outlook on Europe improved in February on the back of the European Central Bank's announcement that it would launch a program of quantitative easing, said Bank of America Merrill...

February 17, 2015 | 03:26 pm
Canadian rate cut to affect corporate pension funding

Canadian rate cut to affect corporate pension funding

The Bank of Canada's cut in its overnight lending rate is yet another blow to Canadian corporate pension plans already struggling with mark-to-market accounting rules and investments hurt by the...

February 04, 2015 | 12:14 pm

Federal funds rate likely to stay low ‘for some time’

The Federal Open Market Committee repeated Wednesday that “it can be patient in beginning to normalize” monetary policy, but members declined to predict when they might be ready to raise...

January 28, 2015 | 03:29 pm
Managers surprised by scope of ECB's bond-buying program

Managers surprised by scope of ECB's bond-buying program

The European Central Bank announced it will begin €60 billion ($69.4 billion) of public and private debt purchases per month as part of a quantitative easing strategy, in what money managers...

January 22, 2015 | 11:15 am
Canada cuts key rate as oil shock clobbers inflation outlook

Canada cuts key rate as oil shock clobbers inflation outlook

The Bank of Canada became the first central bank in the Group of Seven to cut interest rates in response to plummeting oil prices, saying the shock will weigh on everything from inflation to business ...

January 21, 2015 | 02:56 pm

BofA: Managers remain optimistic on growth despite growing concerns

Money managers are reducing their cash holdings despite concerns over corporate profits and inflation, said Bank of America Merrill Lynch’s monthly fund manager survey.

January 20, 2015 | 03:30 pm
Did the Treasury undermine the Fed?

Did the Treasury undermine the Fed?

A paper from Harvard scholars has the potential to influence Fed and Treasury policy. In particular, the Treasury might be urged to sell less long-term debt in favor of more short-term debt. Because...

January 15, 2015 | 11:14 am
9 New Year's resolutions for investors

9 New Year's resolutions for investors

Hirtle Callaghan's CEO finds analogies between the current momentum-driven market with the dot-com market of 2000 and offers nine investment resolutions for the year.

January 14, 2015 | 02:29 pm