Report
Jim Sinegal
EUR 147.86 For Business Accounts Only

Fed Stands Pat Again; FOMC Statement Supports our Interest-Rate Thesis

The Federal Reserve chose to maintain the target federal-funds rate at 0.25% to 0.50% for the time being, as inflation expectations remain below the central bank’s 2% target and the unemployment rate remained stable. Eight members of the Federal Open Market Committee were in favor of maintaining the status quo, while two indicated a preference for a 0.25% increase.
The committee’s stance supported our thesis on the path of interest-rate movements over the next several years in several ways. On t...
Underlying
Citigroup Inc.

Citigroup is a financial services holding company whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management. The company operates via two primary business segments: Global Consumer Banking, which provides banking services to retail customers through retail banking, Citi-branded cards and Citi retail services; and Institutional Clients Group, which includes banking and markets and securities services.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Jim Sinegal

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