Morningstar Investor users sign in here.

Preston Caldwell

Preston Caldwell

is a senior U.S. economist for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc.

Fed’s Powell talks tough after rate hike, but a pause seen likely from here
Markets
Fed’s Powell talks tough after rate hike, but a pause seen likely from here
We see steep Fed rate cuts coming in 2024 as inflation subsides.
Fed's Powell signals a possible rate hike ‘skip,’ not a pause
Markets
Fed's Powell signals a possible rate hike ‘skip,’ not a pause
But with inflation likely to ease as the economy slows, we see the Fed cutting rates around the year end.
Is this the Federal Reserve's last rate hike?
Markets
Is this the Federal Reserve's last rate hike?
US interest rates are now at their highest since 2007, but Morningstar expects hefty rate cuts in 2024 and 2025
Fed raises rates, but uncertainty reigns amid banking crisis
Markets
Fed raises rates, but uncertainty reigns amid banking crisis
A tightening of bank lending could tilt the balance on the economy and future rate hikes or cuts.
Why the US Fed could cut rates later this year
Markets
Why the US Fed could cut rates later this year
Morningstar's Preston Caldwell maps out four potential near-term scenarios for the US economy.
Should investors be worried about the US debt ceiling?
Markets
Should investors be worried about the US debt ceiling?
A default on US government debt isn’t likely, but should one happen, here’s what the damage could look like.  
Fed raises rates again, with a focus on talking tough
Markets
Fed raises rates again, with a focus on talking tough
Powell stays hawkish on the inflation fight, but the markets are looking for a less restrictive Fed next year.
Federal Reserve gets hawkish on inflation
Markets
Federal Reserve gets hawkish on inflation
As the battle against rising prices gets even more urgent, risks of recession rise.
Expect more rate hikes at the Fed: Morningstar
Markets
Expect more rate hikes at the Fed: Morningstar
Investors should expect additional rate increases even as Powell throws cold water on the idea of a still more aggressive path.
We still expect elevated US inflation to be temporary: Morningstar
Markets
We still expect elevated US inflation to be temporary: Morningstar
Once the vehicle shortage is resolved, inflation should be back on trend.
of 3
Viewing 1 to 10 of 26