monetary stimulus

What to expect from a combination of US tax cuts and Fed tightening

Peter Wilmshurst

2017 saw a combination of solid economic growth without a significant pick-up in inflation. This let the Fed continue to raise rates, but at a measured pace, and it has flagged it’s likely to raise rates another three times this year. Other major central banks did not follow this path... Show More

Too big to fail - Inflating asset prices

Clime Asset Management

Extraordinary monetary stimulus programs, implemented over a sustained period, create real problems for the global financial system. Cracks are starting to show in the form of reduced Defined Benefit pension payouts and an erosion of business and consumer confidence. Investors are essentially forced to take on more risk to generate... Show More

‘Helicopter money’ could prove effective, but it entails significant risks

Nikko Asset Management Australia

Speaking at a news conference after the Federal Open Market Committee meeting, US Federal Reserve Chairwoman Janet Yellen stated that ‘helicopter money’ could be considered under certain conditions. In Japan, with currency intervention effectively off the table for fear of accusations of being a currency manipulator, there is increasing speculation... Show More