Dovishness Reverberates Globally

JP Morgan
By April 15, 2019 11:02

Dovishness Reverberates Globally

Multi-Asset Solutions Weekly Strategy Report

The dovish shift from the Federal Reserve earlier this year has reverberated throughout the world, reflected not only in financial market performance but also in the stances of other central banks. What looked, at this time in 2018, like a global tightening cycle— albeit a slow-moving and multi-speed one—now appears to be a situation of stasis, with a modest tilt toward easing. We expect this to persist at least for the next several months, although we do not project significant rate cuts. These tame monetary policy forecasts contribute to our neutral stance on duration, despite the recent rally in government bond yields.

JP Morgan
By April 15, 2019 11:02

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