Everyone seems to agree rates will need to go up. Few have confidence about how high. And there’s even less clarity about how inflation will be affected by potential megatrends: climate-related border taxes, global work from home forever, and post-pandemic early retirement.
Several major factors are weighing on economic growth today. How could these problems be resolved, and how likely are we to see solutions?
The surprise for markets may be less around the timing of the Fed’s lift-off, and more the magnitude of rate hikes required to cool a potentially overheating economy.
Upside inflation surprises have weighed on markets all year, but as inflation and growth fall, so could bond yields.
The third video on how we incorporate environmental, social and governance factors (or ESG factors for short) into the L&G Multi-Index Funds.
According to one Fed governor, ‘purple squirrels’ (false vacancies) are distorting US job postings. But the relationship between unemployment and vacancies will be key to determining whether a soft landing is achievable in the US.
Some people suggest that I must be super-human to withstand the kind of cold that I do. Nothing could be further from the truth.
The largest central banks may expect the inflation storm to pass, but they can’t predict the weather – which may have important implications for commodity prices, inflation, and multi-asset investors.
As asset managers, I believe our views should evolve with those of the societies in which we operate.