No Change in the Federal Funds Rate

| September 21, 2016 | 4:59 pm

The FOMC left the target range for Federal Funds at 0.25%  – 0.50%.  Market implied odds of a rate hike stood at 22% prior to today’s release.  More Fed watchers anticipate a move at the December meeting.  Economic data, speeches by members of the FOMC, and the behavior of other major central banks all suggest a gradual move toward higher short-term rates in the coming months.  The Fed’s press release did little to change those short-term expectations, but the committee’s longer-term projections were lowered once again and appeared to have a greater influence over market reactions.

Following is a summary of the Federal Reserve’s press release.

investment chart

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The World is Getting Smaller

| September 21, 2016 | 9:52 am

Through its G2G Impact initiative, Atlantic Trust is pleased to partner with Michael Sherman, founder of Graduate to Employment. Previously, Michael stressed to college-age millennials and their parents the importance of finding next year’s internship opportunities now. In today’s blog, Michael discusses the disconnect between how job candidates and employers leverage social media during the employment search process, as well as how social media-savvy candidates can use these networks to their advantage.

Michael’s blog post, which originally appeared on the Graduate to Employment blog, is republished below with his permission:

Atlantic Trust blog

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Dave Donabedian Leads “Election, Brexit and Terrorism” Panel

| September 16, 2016 | 10:58 am

Atlantic Trust CIO David Donabedian, CFA, was in Dallas earlier this week to participate in a panel discussion titled, “Uncertainty: The Election, Brexit and Terrorism,” as part of Pearson Partners’ quarterly Spotlight Series, which focuses on current events and business trends.

Dave served as the breakfast event’s lead panelist for an audience of more than 150 business leaders. He provided insight into the current macro investing environment and market factors related to the day’s theme.

Pearson Partners panel

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