Skip to main content
  • February 27, 2013

In this edition of the “Week in Review,” our Investment Management team provides their insight into recent investment news and market activity:

The markets ended the week down, largely due to concerns about the Fed’s plans regarding its current monetary policy, generally weaker-than-expected domestic economic data, weak European economic data, and the lack of an eminent solution to the sequestration cuts.

On Wednesday, the FOMC minutes were released revealing that a growing number of Committee members are concerned that the Fed’s current monetary policy could create the “potential for excessive risk-taking.” Additionally, there is concern about the “potential costs and risk arising from further asset purchases.” While it is unlikely the Fed will significantly alter its current monetary policy in the near-term, there is a growing belief that cur-rent policy may need to be altered before the objective of 6.5% unemployment is achieved.