Tom is a Head of Fixed Income and a Portfolio Manager at Brown Advisory, overseeing more than $6 billion in bond portfolios in both mutual funds and separate accounts. He has spent over 20 years in the fixed income business, concentrating on macroeconomic analysis. Prior to joining Brown Advisory, Tom was a managing director at Cavanaugh Capital Management. He served as a portfolio manager and was responsible for trading, analysis and management of taxable fixed income portfolios.
You can reach Tom on twitter @tdgraff
Recent Articles By The Author
Sure, the jobs number lined up with expectations and the market didn't really budge on the big number. But let's take a close look at these figures and see why it's getting a little too hot in here.
Tightening monetary policy is tricky -- hike too much and the economy could go splat. So this half point decision was a tough balancing act and a dash against time. Here's what I see down the line.
If by the end of 2023 inflation is around 2.6% and unemployment is around 3.8%, then I'd hardly call this period a failure.
Let's tackle the big question: Is inflation, and possibly the economy, too, reaching a peak? We're seeing some possible signs of slowing -- but they could be other, harmless shifts under the surface. Here's my take.
The Fed is getting aggressive in selling down bond holdings, so here's my take on what that means for investors and recession risk -- and why the Fed's moves are akin to backing into a parking space quickly with no rearview mirror.
The inversion that we saw this week is only the beginning -- an ever more aggressive Fed results in an ever more inverted curve.
Would the Fed cause a recession to restore price stability? Let's tackle that question and many others after the FOMC meeting.