Will the ECB have sufficient firepower – and support from the population – to spur the economy when the next recession arrives?

The OPEC agreement seeks to limit the market imbalance and stem the recent price decline while not driving prices substantially higher.

Investors can find pockets of opportunity within emerging markets despite the uncertainties facing this set of countries.

With unemployment low and the U.S. economy enjoying a fiscal “sugar rush,” we think the odds of successfully engineering an inflation overshoot look pretty good – and that is pretty rare.

Markets may have taken Fed Chairman Powell’s speech as a sign that the risks of central bank overtightening have receded, but we wouldn’t over-interpret Powell’s message to suggest that he is ignoring the risks of the economy overheating.

A plan to cancel the new Mexico City airport highlights the risk that President-elect Andrés Manuel López Obrador may implement some of his more costly campaign promises.

Core goods inflation was softer outside of used cars, and evidence was mixed that the recent Chinese import duty hikes are affecting consumer price inflation.

We expect volatility, along with a potential rise in UK sovereign yields and strengthening of the pound.

Financial media and investors have been focusing on the BBB segment of the U.S. investment grade (IG) corporate bond market this year. Careful credit selection and active portfolio management are crucial to managing risks and seeking returns in this large market segment.

Asian exporters could get hit.

While divided governments have generally been decent for markets, we think a defensive portfolio posture is prudent.

While we caution against extrapolating Q3 weakness in quarters ahead, we see troubling patterns in Italy.

From an investor’s perspective, the most important takeaway from the midterm elections is that trade policy risk will likely continue unabated no matter the outcome.

As U.S. taxpayers think about positioning their portfolios, we see three key reasons why the tax-exempt municipal market may be attractive late in the cycle.

For now, markets are giving Bolsonaro the benefit of the doubt

Our latest Cyclical Outlook highlights the macro trends and market developments that underpin our outlook for 2019: slower growth, but likely no recession.