Joe Davis discusses what we might see when the Fed wraps up its meeting on December 14.
Faced with alarming headlines, we must maintain reasonable expectations and remain focused on our clients’ goals. Consider three episodes from the first half of 2016.
Monetary policy is reaching its limits, but growth remains frustratingly fragile. Our chief economist says the answer differs by region.
Since 1871 the correlation between changes in stock prices and changes in bond yields has averaged 0%. Over the past five years, our chief economist writes, the correlation has averaged –0.6%, the lowest in U.S. history.
Although the risk of a recession is low, we are likely to face “growth scares” in coming months. Our chief economist explains.
Do subdued growth expectations require a policy response? Take a closer look and you’ll find 2% growth is neither new nor subpar. Rather it’s sustainable and healthy.
Joe Davis presents a cheat sheet, complete with Tweets, to help you talk with clients about events and conditions affecting the global economy and markets.