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Smith's Research & Gradings
Volume: 
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Scott B. MacDonald, Ph.D.

Smith's Research & Gradings

Smith's Chief Economist Expects Fed to Hike Rates

Smith's Chief Economist Expects Fed to Hike Rates

We believe the Fed is likely to raise rates by 25 bps at its June meeting. Inflation remains well above the central bank's target (2%), real GDP growth is for Q2 is tracking close to 3.0%, unemployment remains low, and corporate earnings and services PMI remains comfortably above what are considered recessionary levels. The equity market has been wrong on the Fed pause through most 2023 and is likely to be wrong in June.  — Scott B. MacDonald, Ph.D.

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Stay on top of the latest global news that can impact your investment strategy.

Big Bucks for Infrastructure

The $1.2 trillion Bipartisan Infrastructure Framework, which has garnered the support of the Biden Administration, calls for billions in funding for traditional infrastructure.

Silver Line and Purple Line Problems Underscore Challenges to Economic Development Plans

Economic development related to transportation in and around Washington, D.C. underscores the tremendous limitations and challenges facing the area.

Biden Infrastructure Plan Approved

While we were sleeping late Thursday night, the U.S. House of Representatives passed the Infrastructure Investment & Jobs Act (IIJA) exactly as the U.S. Senate did in August. Now, it is going to the President for signature.

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