Good Sunday morning to all readers. We hope you are safe, secure, and recovering from Ian's destruction if you found yourself in the storm’s path. And if you know someone — whether friend, relative, business associate, or colleague — who has been impacted by Ian, we hope they, too, are now safe…

Cumberland Advisors is in the City of Sarasota. In preparation for the storm, which was initially expected to make landfall in the Tampa area, we sent some employees to our disaster recovery site in Vineland, NJ, where Cumberland’s headquarters was originally located.

We used Yahoo Finance to extract the visual effects of the US dollar’s gyrations. Let’s tell the story with two ETFs. One shows US dollar strength and the other shows the weakness; these are against a basket of six major world currencies relative to the US dollar. The two ETFs operate as a basic…

Author’s Note:  Patty Healy, Cumberland’s Senior Vice President of Research, assisted with this commentary.

As expected, the FOMC increased the range for the federal funds rate by 75 basis points to 3–3.25%, and the message delivered by Chairman Powell was clear that the FOMC intended to continue such tightening, as reflected in the September SEPs — the median funds rate was now predicted to be 4.4%…

Markets did not like the August CPI increase over the number from July, which remained essentially unchanged, though a significant decline had been predicted. The Bureau of Labor Statistics just published the CPI for August and provided along with it a detailed breakdown of the CPI into over 300…

This is the beginning of a multipart series on ESG. ESG is loosely defined as environmental, social, and governance factors in investing. There is an evolving rating system, with multiple factors. It is applied to different types of organizations, and it is becoming a worldwide standard. In the…

Many readers continue to ask about the Fed’s 2% inflation target, especially after the recent CPI and the market’s reaction to it. Here’s the Fed’s own explanation, courtesy of the Federal Reserve Bank of St. Louis. We recommend it for a clear explanation of what 2% means.

Barron’s ran this column on Friday afternoon before Labor Day weekend. It’s worthwhile. It discusses the Phillips curve and versions modified for current usage.