Forté Capital’s Selected Statistics
Year-over-Year Change in Treasury Yields, by Maturity
The yield curve continues to be inverted from the 90-day bill to the 30-year bond, indicating the bond market’s projection of both falling interest rates and the possibility of a recession in this calendar year. Inversion occurs when short term interest rates are higher than long term interest rates—reflecting a tightening monetary policy.
12-Month Change in Inflation, January to March 2023
Inflation has come off of its upward trend but remains stubbornly high—or at least higher than the Federal Reserve’s target of 2%. Despite early commentary indicating that this present inflation event would be “transitory,” labor market dynamics, energy prices and higher government spending have combined to produce more trend persistence than commentators had expected.
The information herein was obtained from various sources believed to be accurate; however, Forté Capital does not guarantee its accuracy or completeness. This report was prepared for general information purposes only. Neither the information nor any opinion expressed constitutes an offer to buy or sell any securities, options, or futures contracts. For further information, visit www.fortecapital.com, send a message to firstname.lastname@example.org, or call 866-586-8100 and ask for David W. Henion, CPA, or Larry H. Rabinowitz, CPA/PFS.