Schroders’ David Rees: ‘US fiscal dynamics are dreadful’
Schroders’ David Rees on how the situation in the US could cause wide-ranging damage to financial markets and economies around the world
Macroeconomics
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Macro matters: The big deal
Will a US/Ukraine mineral deal ultimately act as a stimulus or inject yet more volatility into an already fraught global commodity market?
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Spring Statement 2025: UK economic growth forecasts halve to 1%
OBR cuts GDP expectations amid elevated global uncertainty
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UK unemployment rate holds steady at 4.4%
Marginally below the Bank of England’s forecast of 4.5%
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Macro matters: German debt debate
As politicians and economists call for fiscal reform ahead of Germany’s federal election, PA asks what policy change might look like and what impact it could have for the wider eurozone market
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UK GDP increases by 0.1% in Q4 2024
An upside surprise versus consensus forecasts of a 0.1% fall
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Macro matters: Power grab
As data centres draw an ever-increasing amount of energy from the grid, fund managers are positioning themselves to benefit from the investments being made to keep up with demand
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‘The Chancellor has a large task ahead’: UK GDP rises by 0.1%
While construction output increased by 0.4% in November last year, production output fell by 0.4%
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‘Not out of the woods yet’: UK inflation falls by 10 basis points in December
The CPI fall to 2.5% came in slightly below consensus forecasts
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UK unemployment rates remains unchanged at 4.3%
Salaries excluding bonuses increased by 5.2% between August and October this year
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Will bond yields stay higher for longer?
Rising likelihood of ‘higher for longer’ rates could make income assets more appealing
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UK wage growth ‘ticks stubbornly along’ at 4.8%
‘Significant slowdown in employee pay’ on the horizon, Quilter’s James warns