Introducing the "USBAM Chart of the Month" series, where USBAM shares a prepared chart and expands on its significance in today's market. This month, Chief Investment Officer Jim Palmer takes a closer look at the U.S. Gross Domestic Product (GDP) Output Gap.
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After a quarter of broadly negative ratings actions on the banking sector that felt like a storm of falling anvils, the release of the Federal Reserve Dodd-Frank Act Stress Test ("DFAST") and Comprehensive Capital Analysis and Review ("CCAR") afforded some relief for bank credit investors.
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USBAM CIO, Jim Palmer, comments on the Fed's decision to cut interest rates by 50 basis points.
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USBAM comments on the January 29
th FOMC meeting.
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