Provided By: Lindsey M. Piegza, Ph.D., Chief Economist
“Activity “Turned Up” but Rates Steady Through 2023”
"As expected, the Fed opted to leave rates unchanged at 0.00%-0.25% along with monthly asset purchases at $120 billion. As far as the statement, the Fed acknowledged recent improvement, indicating activity and employment has “turned up,” however, this positive assessment was tempered with the recognition of ongoing pain in some of the hardest-hit industries, essentially underscoring the notion of a K-shaped recovery. "
The full report is available here.
Stifel Financial Corp. is a diversified financial services holding company that conducts its business through several wholly owned subsidiaries. Its primary broker-dealer subsidiary, Stifel, Nicolaus & Company, Incorporated, is a full-service brokerage and investment banking firm established in 1890. Stifel Financial Corp. was formed as a holding company in July 1983 and is publicly traded on the New York Stock Exchange under the symbol "SF."