The yearend 2023 outlook starts with a Federal Reserve on hold. The financial markets have witnessed a dramatic “pivot” in policy. The outlook for interest rates went from “higher for longer” to “high for a while” to an expectation of rate cuts in 2024.

We received many responses to our Dec. 10 commentary, “Florida Insurance?

The FOMC began its December 12–13 meeting with some good news on both the labor front and on inflation. On top of that, the participants went into the meeting knowing that the economy entered the fourth quarter having grown 5.2% in the third quarter.

Foreign currency exchange rates against the dollar are becoming an increasingly volatile sector as the Fed goes from “higher for longer” to “high for some time” to “we’re not sure what the Fed will do.” Results: Differences in anticipated future interest rates among the major currencies are the…

The excerpt below is from a letter from the chairman of the US Senate Committee on the Budget to Gov. Ron DeSantis and Insurance Commissioner Michael Yaworsky of the State of Florida, and to Tim Cerio, president, CEO, and executive director, Citizens Property Insurance Corporation, based in…

When I discussed with David Kotok his recent commentary on holiday inflation (“Holiday Inflation?” https://www.cumber.com/market-commentary/holiday-inflation”), David noted that inflation was still