VGLT News and Press, Vanguard Long-Term Government Bond ETF From 11/02/22

Summary U.S. Fed hikes rates another 75 basis points. What are the risks the U.S. Fed overshoots and causes a hard landing. The outlook for the U.S. dollar. The U.S. Federal Reserve delivered another three-quarter-point rate hike, taking rates to their highes...

Summary The U.S. Federal Reserve delivered another supersized 75-basis-point (bps) rate hike at today’s meeting, bringing the federal funds rate to a target range of 3.75%-4.0%. Powell indicated that the Fed would consider slowing down the pace of rate hikes at its next mee...

Summary The Fed delivered another outsized rate increase at today’s FOMC meeting, raising the Fed Funds target yet again by 75 basis points (bps) to a new range of 3.75%–4%. In other words, the Fed has moved even further into restrictive territory. With the Novem...

Summary The Federal Reserve has delivered the fourth super-size 75bp hike in a row, but signaled more modest moves are in store for December onwards. Chair Powell commented that the Fed doesn't want to fail to tighten enough and loosen too soon. Expectations of the policy rate...

Summary The closest thing to a guarantee in finance is the truism that recessions always follow Treasury bond yield inversions. The labor force is no longer expanding and may be shrinking. A recession in which the GDP shrinks by 1% for two quarters while employment remains sta...

Summary The only policy actions that could deter a recession would worsen inflation, thus setting the stage for an even worse downturn sometime in the future. One indicator that covers 54 countries shows that almost all are tightening monetary policy. A good reason to expect a...

Summary The global economy has been hit by several headwinds, almost all of them leading back to higher inflation. Europe is likely already in recession, the U.S. will enter recession in Q2 2023, while China struggles to make recovery headway. Markets have faced up to the reality ...

Summary The last few years have been jarring in numerous ways. They’ve also forced me to reconsider how I help people navigate the financial world. Assessing stock and bond markets over one-year time horizons is silly and it’s a big part of why I’ve become a b...

Summary This year’s sharp rise in treasury yields creates an attractive opportunity in short-term bonds heading into 2023 as the Fed slows the pace of rate hikes. We favor transitioning from floating-rate notes to fixed-rate notes going into 2023 now that interest rates hav...

Summary Halloween is a scary time, and the stock market has experienced a frightening 2022 as well. Given the horrific -19% decline in the stock market (S&P 500 index) this year, arguably much of the current and future dreadful news is already expected and discounted into toda...