TELFPlus Investment commentary
Miles Capital, Investment Advisor
September 14, 2018
The economy continues to show resiliency with strong growth and corporate earnings, although trade rhetoric and policies have concerned the market. Some recent increases in wage growth have also fueled inflation concerns and how it may or may not change the Federal Reserve's current interest rate trajectory.
The Federal Reserve raised rates in March and June 2018 and is expected to raise rates one to two more times in 2018. These moves are raising short-term interest rates while longer-term rates have been more sluggish to move higher. The difference between short and long rates has compressed to levels not seen in nearly a decade and is driving investors to more short-term securities.
The views expressed herein are the current views of Miles Capital as the stated date and are provided for informational purposes only. They are believed to be correct, but accuracy and completeness cannot be guaranteed and should not be relied upon for legal or investment decision purposes. All expressions of opinion and predictions presented are subject to change wihtout notice. Neither the information presented nor any opinion expressed constitutes a solicitation for the purchase or sale of any securit. Past performance is not a guarantee of future results.