Greysteel Senior Managing Director Doug Banerjee will compete in the 22nd Annual Polar Challenge to Conquer Cancer.  This year's proceeds benefit the UNC Lineberger Comprehensive Cancer Center.

The U.S. economy grew a solid 2.6% in the fourth quarter of 2018, and increased 2.9% for the year. Economic growth has trended down over the last several quarters and many economists are projecting slower growth heading into 2019. The Federal Reserve appears content with holding off on any interest rate action in the near future but will observe how the U.S. and global economies perform through the summer. The 10-year Treasury remained largely stable throughout February as the benchmark rate rose just a few basis points for the month.

January’s economic data gave investors a warm welcome (polar vortex aside) as we kicked off 2019. A much better than anticipated jobs report showed that the economy is still generating a substantial number of jobs while inflation has stayed largely in check. The Federal Reserve did not raise rates this month and provided guidance indicating it has softened its position on future rates hikes in the near future, which helped to keep the 10-Year Treasury flat for the month, ending at 2.63%. All of this was encouraging to the equity markets, as the S&P 500 index was up nearly eight percent…