Fans of the film Toy Story will recognize Buzz Lightyear’s spunky catchphrase “To infinity and beyond!” Well, interest rates around the world are navigating their own journey, voyaging toward the abyss of the yield universe rather than its outer limits,
Chris explores ways to manage your EM allocation, an out of favor, but still appealing asset class. Emerging markets were the darling of investors as recently as the winter of 2019, but now find themselves once again as unloved as
We see third-quarter earnings season offering some limited support to U.S. stocks in the near term, as a growth rebound is months away. Kurt explains. Equities have stumbled this month, as weak economic data has revived recession fears. This comes
During its discussions this month, the investment strategy team spent considerable time debating the outlook for Federal Reserve policy and the path forward for the U.S.- China trade dispute, including its impact on the global growth outlook. Despite the considerable
Economic uncertainty has increased investor focus on the possibility of BBB-rated bonds being downgraded to junk. Investors should weigh this risk with their search for yield. Over the past several months, I have been fielding more questions about the state
Mike shares what investors need to know as the final quarter of 2019 kicks off. The fourth quarter of 2019 kicked off with a market selloff and more evidence that a protectionist push is hitting the U.S. industrial sector. How
We expect a pickup in global growth in the next six to 12 months, as policy stimulus gradually filters through to the real economy. The Fed has cut interest rates, but its noncommittal view on the rate outlook suggests expectations
Elga discusses how central banks could “go direct” and use unprecedented coordination between monetary and fiscal policy to deal with the next downturn. This is the fourth and final blog in a series on the topic of “Dealing with the
After a difficult summer for risk assets, investors returned from their holidays in a bullish mood and drove equities higher in September, leaving global equities broadly flat for the quarter. The quarter was marked by a continued slowdown in the
Elga explains why we see a growth pickup looming on the horizon. Hint: Watch the transmission of financial conditions. An expected dovish pivot by central banks has materialized. Now what? Financial conditions in key developed economies have become more accommodative
On 18 September the Federal Reserve cut interest rates by 25bps. The rate cut was already priced in by markets. But the FOMC lacks consensus on the path ahead for monetary policy. Less than half of the FOMC participants see
Rick Rieder and Russ Brownback highlight their view that effective monetary and fiscal policy in the 21st Century needs to draw not only traditional economic theory, but also from the lessons of finance and other disciplines. We think the evidence
The Fed cut rates, but the market expects more: As expected the Federal Reserve lowered its target range for the Federal Funds rate by 25 basis points, and now the market anticipates as many as three more cuts by the
While the most recent US rate cut was widely expected by markets, there appears to be a lack of consensus among Fed officials as to what happens next. Fidelity Strategic Bond Fund co-managers Tim Foster and Claudio Ferrarese give their
The Federal Reserve cut interest rates by 25 basis points at its September meeting — the second cut this year. This easy monetary policy is thanks in part to low inflation. But why has inflation remained so low, especially in
As expected, the US Fed's interest rate decision-making body (FOMC) lowered the range of its key interest rate by 25 basis points to 1.75-2.0%. There were no significant changes in the statement. The good overall economy, coupled with a low
A rebound in bond yields has led to a shakeup in equity market factor returns. We prefer defensive factors such as min vol as growth slows. The Fed cut interest rates, but its noncommittal view on the rate outlook suggests
A rebound in bond yields has led to a shakeup in equity market factor returns. Mike weighs in on whether momentum’s moment has passed. A perceived lull in U.S.-China trade tensions has eased market fears about an economic downturn, prompting
Elga explains why we could see lower growth and higher inflation ahead in the U.S. Hint: trade tensions. Signs of easing U.S.-China tensions have helped calm recessionary fears that gripped markets in recent weeks. We see little risk of an
The Federal Open Market Committee (FOMC) meets next week, and it will be a highly anticipated gathering. Futures markets and Fed watchers are certain of a rate cut, but the path of the Fed Funds rate thereafter is a subject
Next week is the next interest rate decision by the US Fed. The FOMC should decide on a further interest rate cut of 0.25%. Then, the range for the key interest rate will be 1.75-2%. The markets are assuming a
Achmea Investment Management Een jaar geleden normaliseerden de Fed en ECB nog hun monetaire beleid. De Fed verhoogde geleidelijk aan de beleidsrente en de ECB stopte eind 2018 met het obligatie-opkoopprogramma. In de loop van 2019 draaiden beide centrale banken
Easier financial conditions have lessened the blow of greater political uncertainty. Can that continue? Stock prices have spent August caught in a tug-of-war. On one side: increasingly accommodative central banks and easier financial conditions. On the other side of the
Rick Rieder highlights the economic policy state-of-play today, and where it may lead to should economic growth falter, productivity not materialize, and populism continue to thrive. The major global central banks continue to draw bigger guns in their battle against
Economic growth is slowing; the question now is whether it will stabilize near trend. Global manufacturing has declined for 15 months and is still contracting; inventories are building and business confidence has diminished. Adding on to these challenges, President Trump’s
The integration of #ESG criteria often has a greater impact for emerging countries. Find out why in an interview with our expert #Karine_Jesiolowski (via @allnews_ch).
Fresh #StarkieBlog! https://t.co/YZrzQpIlIQ
Low interest rates drive housing market -> https://t.co/XjhuRim2P7 #Interest #mortgages via @ABNAMROeconomen
