Happy Fourth of July!

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Happy Independence Day

In observance of the holiday our office in Providence R.I., will be closed Monday July 4th and will reopen on Tuesday July 5th for regular business hours.

A Weekly Economic Update

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Stocks were under pressure all week due to inflation worries, higher yields, and rising recession concerns. In advance of the much-awaited mid-week meeting of the Federal Open Market Committee (FOMC), bond yields jumped, and stocks retreated on speculation that the Fed might raise rates by 75 basis points. When the Fed announced a 75 basis point hike on Wednesday, stocks rebounded strongly.

Monthly Economic Update: June

Alexis DuffyMonthly Newsletter, Newsroom

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The month began on a solid note as stocks rallied following the Fed’s announcement of a 50-basis-point hike in the federal funds rate. The market was relieved to hear comments from Fed Chair Jerome Powell, who said that a 75-basis-point increase was not actively being considered.

A Weekly Economic Update

Alexis DuffyNewsroom

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Stocks posted solid gains for the week, buoyed by the release of Fed meeting minutes and upbeat earnings from mid-size and discount retailers.

A Weekly Economic Update

Alexis DuffyNewsroom

Folded Newspaper

Stocks posted solid gains for the week, buoyed by the release of Fed meeting minutes and upbeat earnings from mid-size and discount retailers.