Category: Economic Commentary

Global growth prospects are hindered by trade tensions, but we expect reductions in U.S. interest rates to soften the blow and keep risk assets  attractive. Along with U.S. equities, real assets including global real …

China and the U.S. are both showing sensitivities to the tariffs resulting from the trade dispute. Despite these headwinds, the U.S. widened its year-to-date advantage and we anticipate further growth in U.S. equities. …

No longer expecting an interest rate hike in the U.S., the financial markets now foresee a potential cut. Meanwhile, evidence of an upturn in emerging market economies has been developing, the high-yield credit rally is …

While there is evidence of improvement in the U.S., European and Chinese growth remains unclear.  The weak February U.S. payroll report was countered by measures of the job market that showed more resilience, including …

Economic releases this year have shown better momentum in the United States, while European and Asian reports have been more mixed. What does this mean for investors?  Read …

Two developments support the outlook for risk taking: Investor gloominess in late 2018 shifted market expectations for 2019 too far and indications that the U.S. Federal Reserve will pause rate hikes for the first half …

Global growth peaked earlier in 2018 and is now showing signs of slowing, but so far the U.S. Federal Reserve has not indicated any plans to back off its plans to raise rates. Trade frictions and Brexit negotiations …

Momentum – both economic and political – is shifting across the developed world. Europe started the year with the strongest growth outlook, but that has now shifted to the United States. New governing alliances and …

If recent economic trends could be summed up in one word, it would be “moderation.” In the United States, growth and inflation are moderating, which is likely to force the Federal Reserve to moderate its desired …