The purpose of this course is to help fixed income professionals recognize the importance of understanding the impact of economic activity on bond portfolios. Participants will gain a broad understanding of how economic growth is measured in the U.S., and the relative importance of the various components of GDP. The relationship between economic activity and interest rates will be explored, as well as the role of the Federal Reserve Bank in managing economic cycles.
1: Describe the relationship between the general economy and the level of market interest rates
2: Learn how economic activity is measured
3: Understand the relationship between economic cycles, inflation, and interest rates
4: Consider the role of the Federal Reserve Bank in managing economic cycles
There are no prerequisites for this course
Craig Dismuke is Executive Vice President and Chief Economist for Vining Sparks, a fixed income broker/dealer serving institutional investors. Craig is responsible for the projection and publication of Vining Sparks’ economic and interest rate forecasts. He publishes research articles for Vining Sparks as well as other national publications. He speaks often at industry conferences on the health of the U.S. economy, expectations for interest rates, and relevant fixed income strategies. Craig is a frequent guest on CNBC, Fox Business, and Bloomberg TV as well as being quoted often in the financial news. Craig is a member of the Economic Club of Memphis and is a visiting lecturer at Rhodes College and the Barret School of Banking. Prior to joining Vining Sparks, Craig was a Managing Director in Institutional Fixed Income at Bear Stearns and Company. Craig lives in Memphis,Tennessee with his wife, Ashley, and three children. He is actively involved with St. Jude Children’s Research Hospital.