News & Market Insights
October 2005
The small-large cap cycle and other matters
A glance at recent history shows that the relative performance of large- to small-cap stocks runs in cycles.
(Reading time: 8 mins)
The neutral rate is variable too
Few were surprised when the US Federal Reserve raised the US cash rate for an 11th consecutive time in September, when it lifted the rate to 3.75% from 3.5%. Analysts have long expected the central bank to boost the rate until it's at its "neutral" level - one where the economy can grow without fanning inflation.
(Reading time: 4 mins)
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