All told, we think the prospects that President Trump will push through his policy agenda in the first year look tenuous at best.
An improving growth picture gives fodder to the Fed to increase rates this year – possibly several times. It should also be a signal for capital preservation and liquidity investors.
A recent trip to Moscow on the 100th anniversary of the 1917 revolution revealed not a whiff of revolutionary change in the economy, but rather stagnant growth mixed with structural stability. We could simply call it “stagnant stability.”
When looking past the noise, we believe the data have continued to confirm our forecast for 2.2% core inflation in 2017.
Does air quality in Beijing have anything to do with the property market in Australia? The answer is probably yes.
A series of surprises on the French political scene have fueled investors’ unease.
Floating rate bank loans, which are typically the most senior debt in an issuer’s capital structure, have traditionally been considered more resilient than high yield bonds in the event of default. However, recent shifts in the bank loan market may challenge this historical norm.
Does détente mean the greenback has already peaked?
PIMCO’s Dan Ivascyn shares some of the high-conviction ideas the firm is currently emphasizing in portfolios.
How can the BOE justify doing nothing – holding interest rates steady and offering no strong view on the direction of monetary policy – while also increasing its growth forecasts, at a time when it already expects inflation to overshoot the target for the next three years?