◀ The Principal Blog

Dow hits 20,000: a milestone to mark the progress of returns



It’s been said that economists only use decimal points to show they have a sense of humor. By that idea, the Dow already hit 20,000 on January 6th when the high tick of the day was 19,999.63, just a few tenths off. But sometimes those even round numbers are not a problem. The Dow Jones Industrial…

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A December Rate Hike



The Federal Open Market Committee (FOMC) announced a 25 basis-point increase in the target federal funds rate today at the conclusion of their December meeting. Today’s increase brings the target federal funds rate to between 0.50% and 0.75%. The rate increase was essentially a market-neutral…

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