Report
Eric Compton
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Fed Maintains Policy Rate, Dot Plot Becomes Increasingly Dovish, Yield Curve Flattens Even More

As we highlighted in our last note, the Federal Reserve is no longer in any rush to raise rates. The Federal Open Market Committee voted to maintain its target rate range at 2.25%-2.5% in its second official meeting of 2019. The vote was unanimous. All things considered, we did not see any real surprises in the latest release, although the dot plot did become perhaps as dovish as possible. There were fewer changes to the language of the current release compared with the last release. The Fed emp...
Underlying
JPMorgan Chase & Co.

JPMorgan Chase is a financial holding company. Through its subsidiaries, the company's segments include: Consumer and Community Banking, which provides services through bank branches, ATMs, digital (including mobile and online) and telephone banking; Corporate and Investment Bank, which consists of Banking and Markets and Securities Services, provides a suite of investment banking, market-making, prime brokerage, and treasury and securities products and services; Commercial Banking, which provides financial solutions, including lending, treasury services, investment banking and asset management products; and Asset and Wealth Management, which is engaged in investment and wealth management.

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
Eric Compton

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