While the FOMC is split on how many cuts we will see this year, we are in the ‘2 or less camp’. We believe munis are an attractive asset class providing stable cash flows and favorable tax treatment.͏‌ ͏‌

2024 - Quarter 1

While the 19 members of the FOMC are split on how many cuts we will see this year, we are firmly in the ‘2 or less camp’ while the economy remains strong. With a potential higher neutral rate, inverted yield curve, and economic uncertainty ahead, we believe municipalities are an attractive asset class providing stable cash flows and favorable tax treatment.

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