Our point of view on recent market and economic activity.

Treasury futures are trading up Thursday afternoon following the Federal Reserve’s decision to raise the target interest rate to the 375-400 range.

Investors will continue to digest the implications of the Fed's first rate hike in more than three years today, while geopolitical tensions, yields, and oil prices remain in focus.

Stocks are higher across the board around midday as lower oil prices and Treasury yields give the bulls an assist.

Fed policymakers unanimously voted to raise rates 25 basis points, the first hike since 2023, and vowed to fight inflation. Another hike is seen this year, but 2027 is in question.

The Fed rate decision is today at 2 p.m. ET, and futures trading puts hike odds above 90%. It would be the first since 2023. Yields hit 19-year highs Tuesday and oil rose again.

Municipal bonds might still offer attractive tax-advantaged income and relatively stable credit quality for investors who understand the risks.

Markets await a possible Fed rate hike as Congress weighs Trump's dividend proposal, a limited fall session, and a Senate vote on crypto regulation.

Tomorrow is expected to bring the first Federal Reserve rate hike since 2023. Oil spiked and tech stocks stumbled Monday amid AI slowdown fears. The 10-year yield topped 5%.