Fed notes near-neutral interest rates
Strong economic data and comments from the Federal Reserve perceived as dovish drove Treasury rates lower during the month. Fed Chairman Jerome Powell noted that interest rates are near neutral and placed an emphasis on data dependence moving forward.
Meanwhile, Chinese equities rallied as President Xi Jinping and President Trump agreed to a 90-day truce, beginning on January 1, which prohibits additional tariffs to allow for further trade negotiations.
Information in this document was prepared by DiMeo Schneider & Associates, L.L.C. and although information in this document has been obtained from sources believed to be reliable, RSM US Wealth Management LLC, DiMeo Schneider & Associates, L.L.C. and their respective affiliates do not guarantee its accuracy, completeness or reliability and are not responsible or liable for any direct, indirect or consequential losses from its use. Any such information may be incomplete or condensed and is subject to change without notice. The Frontier EngineerTM is a registered trademark of DiMeo Schneider & Associates, L.L.C.