Home

The stimulative federal policy regime that has been so supportive of the current bull market is evolving. The Federal Reserve is edging closer to beginning the process of removing monetary stimulus, while fiscal policy is edging closer to retargeting its focus. Taken together, these emerging developments are creating a degree of uncertainty, to the point where some market observers are warning of a period of higher volatility, and possibly an equity market correction. That such uncertainty is coinciding with a period of seasonal weakness historically makes such warnings all the more unsettling. Of course, whether markets respond unfavorably to these developments remains to be seen.

Minneapolis – September 8, 2021 –Texas-based Third Coast Bank SSB recently launched a new investment program, Third Coast Advisors, in partnership with Ameriprise Financial (NYSE: AMP). The bank chose the Ameriprise Financial Institutions Group (AFIG) channel to serve as its broker-dealer after an extensive search and thorough evaluation of the company’s capabilities in comparison to competitors.

The resurgent Delta variant of the coronavirus is putting a dent in the pace of economic activity, and that is complicating matters for the Federal Reserve. The economy generated just 235,000 new non-farm jobs in August. Including upward revisions to the prior two-month total, that was half as many jobs as expected, and well below the average of the previous three months.