Economic commentary

Two developments support the outlook for risk taking: Viewpoints, February 2019

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 of 2019. Fourth quarter sell-off in financial markets alongside the Fed’s more dovish commentary has moved us off our neutral …

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Economic commentary

Watchfully Waiting: Viewpoints December 2018

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 continue to weigh on economic activity, and are unlikely to be resolved quickly. In light of these …

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