The Federal Open Market Committee (FOMC) consists of 12 members:  the seven members of the Board of Governors of the Federal Reserve System; the president of the Federal Reserve Bank of New York; and four of the remaining eleven Reserve Bank presidents, who serve one-year terms on a rotating ba...

Are we actually on track for a "soft landing"?

Today's move by the Federal Reserve is no surprise.

Covid variants, market valuations, and supply chain issues could present headwinds.

In my last post, the market had just pulled back about 10% within a few days.  Since then, the market not only declined about 34% from its late February peak, it also recovered just over 30% from the bottom.  This market reminds me of two very famous lines from "The Godfa...