us federal reserve

Running to Stand Still

Etienne Alexiou

On the 9th March 1987 U2 released the Joshua Tree, the fastest selling British Album of all time that went on to sell over 25 million copies. Joshua Tree is still acclaimed as one of the greatest albums of all time. Interestingly Bono considered pulling the album prior to its... Show More

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

The key market risk right now

Etienne Alexiou

Let's first consider the broader global economic environment, in particular, the macro drivers of a “globally co-ordinated” gradual improvement in economies which are continuing to evolve. The primary driver of markets, at this point in time, is globally accommodative monetary policy, which underpins economic expansion and the rise in financial... Show More

The cycle of ever-declining bond yields

Nikko Asset Management Australia

“Toto, I’ve a feeling we’re not in Kansas anymore” … As we look around the fixed income landscape today, we can get some idea of how Dorothy felt. In the JP Morgan Government Bond Index, which encompasses the 13 largest government bond markets, an extraordinary 30% of sovereign debt, or... Show More

US Federal Reserve embarks on a ‘journey into the unknown’

Nikko Asset Management Australia

For the first time since June 2006, the US Fed has raised interest rates. However, the US economy still faces headwinds that draw a question mark over whether it will be able to maintain regular rate hikes next year. http://www.nikkoam.com.au/knowledge-dividend/nikko-am-aus-investment-research/us-federal-reserve-embarks-on-a-journey-into-the-unknown Show More

Market remains sceptical on Fed timing

Livewire News

Janet Yellen stated on Friday “I expect that it will be appropriate at some point later this year to take the first step to raise the federal-funds rate and thus begin normalizing monetary policy”. Yet this CME tool http://www.cmegroup.com/trading/interest-rates/fed-funds-flash.html highlights that Fed Fund futures are pricing a 14% probability of... Show More