Tags Normalization

normalization

Fed's First Rate Hike of 2017 May Not Be the Last

Fed’s First Rate Hike of 2017 May Not Be the Last

As the U.S. bond market has generally expected and priced in for the past two weeks, the Federal Reserve (Fed) has incrementally raised short-term interest rates. It’s the first hike this year and the...

CIO Insights: Delayed Interest-Rate Normalization Builds Case for Inflation Protection

Podcast Higher U.S. inflation may be lurking just over the horizon. Wages, rents, health care, and energy costs rose while the Federal Reserve (the Fed) remained too boxed in by global economic conditions to aggressively...
The economy is truly global

CIO Insights: The Economy Is Truly Global

Podcast Global events—including the United Kingdom’s vote to exit the European Union—are playing a greater role in driving all markets and economic policies than in the past. As a result, U.S.-based views of interest-rate normalization...

CIO Insights: 2016 Outlook – Continuing Our Four Themes, in a Stronger U.S. Dollar...

With most market attention focused specifically on Federal Reserve (Fed) interest rate policy and China’s growth, we still believe four broad themes we’ve highlighted consistently during the past 15 months will govern the global...

Our View: The Impact of the Fed Rate Hike on Bonds

The 25 bp hike in the Fed's overnight interest rate target is the first in what's expected to be a set of rate hikes intended to gradually normalize short-term U.S. interest rates after an...

The FOMC’s Role in Interest Rate Policy

Next week, the Federal Open Market Committee (FOMC) of the Federal Reserve (Fed) will decide whether to raise short-term interest rates for the first time since 2006. While it would be no surprise—we’ve written...

CIO Insights: Normalization Creates Global Opportunities

It appears we have reached an inflection point in the global equity markets. After a challenging year, many global investors expect a return to the higher levels of volatility and more muted returns that...

CIO Insights: Normalization, with Higher Risks and Yields

“Market Normalization” is a prominent theme for our Global Macro Strategy Team in 2015—at least in the U.S.—as the Federal Reserve (Fed) further unwinds its extraordinary monetary easing programs initiated in 2008-09. The Fed’s programs...

CIO Insights: Risks and Rewards from Normalizing Markets

During the past five years, unusually accommodative monetary policies muted risks and encouraged investors to increase their risk exposure. If the U.S. maintains a path of progressively less-accommodative monetary policy, we expect market risk to return...

Recent Bond Market Volatility: More Perspective

Due to continued bond market volatility, we’re providing an update and expansion to our Fixed Income Team’s insights, first published on June 19 (Bond Funds Hit a Rough Patch: Reassurance from Our Fixed Income...