On The Radar: What is City National Rochdale's outlook for the Fed's monetary policy in 2019?

We expect the Fed to raise rates two times, for a total of 50 bps. This will bring the median federal funds level to 2.875%.

To view this email as a web page, click here. OnTheRadar January 2019 FAQs on the Markets and Economy On the Radar is a biweekly publication providing quick and concise answers to the topical investment and economic questions that are on investors' minds. New questions in this issue: 1. What is City National Rochdale's investment outlook for 2019? Although it can be difficult to remain calm in the midst of market action like we've seen over the past couple of months, our advice is to stay disciplined and invested... 2. What is City National Rochdale's outlook for the Fed's monetary policy in 2019? We expect the Fed to raise rates two times, for a total of 50 bps. This will bring the median federal funds level to 2.875%... 3. What is happening to the European economy? In general, it is standing on weak footing and faces many uncertainties in 2019. Europe's economic growth is anemic compared to the U.S... 4. Why have longer-term yields fallen so much? The yield on the benchmark 10-year note hit a recent high of 3.24% back in early November and fell to 2.69% at year-end and has since fallen a little further to 2.66% as of this writing... 5. The labor report breathed some fresh air into the stock market, how strong was the report? It was very strong. The December nonfarm payrolls jumped 312,000, which is about 100,000 more than the five-year average monthly gain... 6. Will the bull market continue in 2019? Based on positive economic, earnings and valuation factors, we continue to believe the long-running bull market remains intact... Read More on CNR.com » Share this story: Follow Us Investment management services provided by City National Bank through its wholly-owned subsidiary City National Rochdale, LLC, a registered investment advisor. City National Bank Member FDIC. Investment Products are: • not insured by the FDIC. • not a deposit or other obligation of, or guaranteed by, the bank. • subject to investment risks, including possible loss of the principal amount invested. Unsubscribe from this list  |  Update email preferences This message has been sent to bank@banking.offers.report. Please do not reply to this email. To ensure the delivery of future emails, please add email@emails.cnb.com to your email address book or safe sender list. Copyright © 2019 City National Bank – All Rights Reserved. 350 South Grand Avenue, Los Angeles, CA 90071 City National Bank is a subsidiary of Royal Bank of Canada. TERMS & CONDITIONS  |  PRIVACY STATEMENT NMLSR ID# 536994 | City National Bank Member FDIC