Author: Jordan Portelli, Chief Investment Officer at Calamatta Cuschieri

Last week’s Federal Reserve (Fed) statement might have caught investors’ by surprise. However we believe one has to read thoroughly through both the official statement and the press conference thereafter to understand the Fed’s communicative intentions.  The Fed changed to 2023 its interest rate projections, while in the press conference the Fed’s chairman maintained a relatively dovish tone and stated that despite the change in its interest rate projections a lot can change ad interim. The surprise namely came about through the Federal Open Market Committee’s (FOMC), as the survey, better known as the DOTs survey showed a rise in…

Read More