Perhaps it’s time to ask whether the 2% inflation target has outlived its usefulness.

The tone of the FOMC statement and press conference was a notable shift from the May meeting, given uncertainty around the economic outlook.

With more bonds trading at negative yields globally, benchmark-agnostic strategies look compelling.

Demand concerns, trade tensions, and strong implied U.S. production are driving an oil sell-off, much like in fourth-quarter 2018, but the complicated backdrop may create investment opportunities.

We don’t expect a Fed rate cut in June, but if downside risks to the economy escalate, a 50 basis point cut in July is possible, in our view.

New U.S. tariffs on Mexico would add to the direct economic costs of the string of tariff hikes enacted during this administration.

In emerging market equities, we see reasons to focus on value stocks and areas with attractive valuations.

In our latest Secular Outlook, we discuss our baseline long-term view for the global economy and share ideas for how investors can deal with disruptions. Here are the key takeaways.

With the U.S. and China raising tariffs on each other’s goods, we may be entering a prolonged period of trade tension.

Shelter inflation, which tends to be influenced by the business cycle – and is therefore a focus for the Fed – was again firm.

We see reasons why the current monetary and fiscal policy rhetoric may support higher inflation.

It’s time to pay attention to repos, the building blocks of return for many short-term strategies.