With a December interest rate rise now close to certain, investors will no longer be trying to assess when the Federal Reserve will raise rates next, but what the path will be after this.
Bond vigilantes could force the Fed into two rate hikes in the first half of next year, Societe Generale’s Albert Edwards has warned.
President-elect Donald J Trump’s aggressive positions on immigration, infrastructure spending and isolationism could push up wage and core inflation, commentators fear.
Bond investors are strapped in for an explosive month ahead as more questions were raised over the next Fed rate rise, following today’s US election result.
While emerging market debt saw record quarterly inflows globally during the third quarter of 2016, the global hunt for yield does not benefit developed market junk bonds. But this could soon change.
In backing off from even a minuscule rate rise at its September meeting, the Federal Reserve is running the risk of appearing to be a follower rather than a leader.
The Federal Reserve’s decision announced last night to keep rates on hold has left investors waiting to see the outcome and market impact of the Presidential election before a rate rise is put back on the agenda.
With children now back at school and pubs starting to put up the Christmas decorations (I kid you not), the summer holidays already seem like a long time ago and the constant cries of ‘are we nearly there yet’ – only to have the little darlings fall asleep 20 minutes before you finally reach the…
More than half (54%) of the respondents surveyed by NN Investment Partners expect institutional investors to raise their exposure to emerging market debt over the next three years despite volatility inducing events like a Federal Reserve rate rise and the Brexit aftermath.
Lombard Odier macro strategist Bill Papadakis suggests the economic outlook under a Hillary Clinton presidency could “turn out to be somewhat better than pure status quo,” while a Donald Trump victory would spell significant uncertainty for the United States and possibly globally.
An improving Chinese economy should keep emerging markets calm and means the emerging nations are better placed to absorb a tightening of rates in the United States, according to Scott Jamieson, head of multi-asset at Kames Capital.
Nomura Global Dynamic Bond manager Richard ‘Dickie’ Hodges anticipates the Federal Reserve rate hike will trigger a fall in global equity markets by as much as 5-8%.
