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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The political event much more likely to linger and affect market strategy isn’t the weather or the debt ceiling – it’s the international response to North Korea.Read More ›
Under the new plan, Fed officials should be able to evaluate the market’s reaction to the reductions before the more-than-likely third and final rate hike in December.Read More ›
Overall this was a solid payroll report that reinforces the notion that the U.S. labor market remains a bright spot for the U.S. economic expansion.Read More ›
The following are excerpts from our February “Investment Insights” report, produced by the Global Investment Management team. For the full report, click here. Market strategy: All aboard! February was a banner month for equity asset classes — as well as some fixed income and alternative assets — despite controversial political headlines continuing to pepper media outlets across […]Read More ›