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
Wells Fargo & Company

Wells Fargo & Company is a financial and a bank holding company. Through its subsidiaries, the company provides banking, investment and mortgage products and services, as well as consumer and commercial finance. The company provides consumer financial products and services including checking and savings accounts, credit and debit cards, and automobile, student, mortgage and home equity and small business lending, as well as financial planning, private banking, investment management, and fiduciary services. The company also provides financial solutions including commercial loans and lines of credit, letters of credit, asset-based lending, trade financing, treasury management, and investment banking 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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