One of the reasons the FOMC felt comfortable going ahead with the balance sheet normalization plan and signaling another rate hike before the end of the year was the significant progress that has been made on global economic growth and the improving global economic outlook for 2018.
For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on Sept. 22.
- Eurozone and U.K. economic strength have been some of the biggest surprises for the global economic outlook this year.
- The Bank of England could be the next major central bank to start raising interest rates, perhaps as soon as November.
- Japan’s economy is turning the corner. It is likely to continue to grow above trend over the next few years.
- China’s hard landing fears have dissipated this year.
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As of today, 465 of the companies in the S&P 500 will have reported for the second quarter season, and results continue to delight investors.Read More ›
During this American holiday week, we continue our asset allocation approach in patriotic style with an overweight to U.S. equities and a tip of our hat to other developed nations’ stocks with an overweight to both asset classes.Read More ›
While it hasn’t seen the same tabloid excitement as the Brexit, the EU-Singapore Free Trade Agreement has been in the works for over a decade.Read More ›
Our team believes geopolitics has taken center stage for financial markets and will likely be the main influence of direction over the short term.Read More ›