Fed signals new policy phase, and six further rate hikes?
The Federal Reserve’s decision to raise its benchmark rate for the second time in three months, has led to speculation of further rises this year, with another four to come in 2018.
Macroeconomics
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Government should do a reverse Osborne – Blanchflower
Former MPC member, Professor Danny Blanchflower discusses why the UK government should move away from austerity.
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PA Podcast: Wages, ‘stuckflation’ and why QE worked
In this week’s edition of the podcast, labour economist and former Bank of England MPC member, David “Danny” Blanchflower discusses why we appear to be in a period of ‘stuckflation’ and what can be done to get the global economy out of it.
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Does the Fed behave differently in an election year?
Canada Life Investments economist David Arnaud has examined the historical data to shed light on whether suspicions the Federal Reserve takes the election cycle into account are founded.
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PA ANALYSIS: The US economy is making wealth managers earn their money
The United States accounts for around half of the global equities index so whether you like the asset class or not you can never ignore it, or eliminate it from a portfolio.
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ETF Securities poaches investment strategist from Coutts
ETF Securities has poached Coutts’ James Butterfill as its new head of research & investment strategy.
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JPMAM expands multi-asset capability with global strategist hire
JP Morgan Asset Management has poached Credit Suisse’s Thushka Maharaj for a new global strategist position in the firm’s global multi-asset arm.
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Staying on course through the macro headwinds
It was the 2008 financial crisis, not the eurozone’s troubles, which taught Alken founder Nicolas Walewski the most valuable lessons about macro swings.
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Cynical bulls, far sighted bears and the spectre of deflation denialism
Bank of America Merill Lynch declared 2015 the ‘Year of the Blink’ on Thursday, pointing out in its latest Thundering Word note that both the Fed and the PBoC “blinked this year, allowing asset returns to remain buoyed by max liquidity”.
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PA ANALYSIS: Lift-off in Japan or false dawn?
With the Nikkei 225 breaking through the 20,000 point level yesterday and Japanese stocks broadly having put on around 15% this year, many investors will be trying to ascertain whether that is as good as it gets or a sign of things to come.
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Investors displaying significant overconfidence – natixis
Investors could be setting themselves up for a significant amount of disappointment, a new survey by Natixis reveals.
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Investors may be underestimating Ukrainian crisis
Bank of America Merrill Lynch sees reasons for concern in the global macro picture