Category: NISA in the News
-
Bloomberg Quotes Stephen Douglass on the November Refunding
In August, Treasury Secretary Scott Bessent responded to surging yields by increasing the Treasury’s purchases of older securities, a break from its decades-long practice of being “regular and predictable.” According to Bloomberg, the move has Wall Street watching for further changes at the Treasury’s next quarterly refunding announcement in November, one day after the midterm…
-
PlanSponsor Quotes Rick Ratkowski on Illiquid Asset Allocation in a Defined Benefit Plan
NISA Managing Director of Investment Strategies Rick Ratkowski was quoted in PlanSponsor on how defined benefit plan sponsors can consider the illiquidity risks in private market assets. Ratkowski used an old adage for his philosophy: “It’s not the medicine; it’s the dosage.” This emphasized that a fund’s illiquid asset allocation can fit in a defined…
-
Bloomberg Quotes Stephen Douglass on Term Premium
Term premium has surged to levels not seen in over a decade, which has economists debating the reasons why. NISA’s Stephen Douglass was quoted in a Bloomberg article with his thoughts: “Stephen Douglass, chief economist at NISA Investment Advisors, pointed to some indications of stress in credit markets, as well as broader doubts among investors…
-
Institutional Investor Features Rick Ratkowski on Pension Funded Status
NISA’s Managing Director, Investment Strategies, Rick Ratkowski, was recently featured in Institutional Investor, offering a perspective on how corporate pension plans can think about their portfolios in today’s environment. With aggregate funded status for large U.S. defined benefit plans now exceeding 100%, Ratkowski argues that many plans, particularly those funded at 110-115%, may be well-positioned…
-
The Wall Street Journal Quotes Stephen Douglass on Growth, Yields and the Inflation Path
NISA Chief Economist Stephen Douglass was recently interviewed by The Wall Street Journal to discuss what’s driving the move in yields and what the latest activity data may be signaling. The U.S. economy continues to show resilience in the face of increased borrowing costs, elevated inflation and tariffs, defying higher Treasury yields and a Federal…
-
MarketWatch Quotes Stephen Douglass on Inflation Outlook
Fed Chair Kevin Warsh led the FOMC in raising interest rates for the first time in three years, and we’re expecting this to continue with one additional hike in December and possibly one more in March. Federal Reserve leaders believe slightly higher interest rates will help them achieve their 2% target by 2029, and many economists…
-
MarketWatch Quotes Stephen Douglass on September FOMC Meeting
As discussed in yesterday’s Chief Economist Update, the FOMC voted unanimously to raise their policy by 25 bps as we anticipated. NISA Chief Economist Stephen Douglass was quoted in a MarketWatch article with his thoughts on what’s to come. Stephen was quoted as saying, “They are clearly signaling an intention to deliver two or three…
-
MarketWatch Quotes NISA Chief Economist Stephen Douglass
NISA Chief Economist Stephen Douglass was quoted in MarketWatch ahead of Fed Chairman Kevin Warsh’s Jackson Hole economic policy meeting held today. Stephen said the majority of Fed officials would rather “hold and hope” that the Iran war ends soon instead of raising interest rates. Stephen was quoted as saying: “I think [Fed Chair Kevin]…
-
CNBC and Barron’s quote NISA Chief Economist Stephen Douglass
NISA Chief Economist Stephen Douglass was recently quoted in both CNBC and Barron’s following this week’s Federal Reserve meeting, where the FOMC voted 9-3 to hold interest rates steady. Three policymakers dissented in favor of a rate hike, the highest number calling for an increase since September 2016. As quoted in CNBC, Stephen noted that…
-
The Associated Press Quotes Stephen Douglass
The Federal Reserve is expected to hold rates steady at its meeting today, but pressure is mounting on Fed Chair Kevin Warsh to take action as inflation remains persistently above the Fed’s 2% target. Renewed conflict in the Middle East has pushed gas prices back above $4 a gallon nationally, adding to inflationary pressures from…