Risk
The Big Question: What Will Powell Say at Jackson Hole?
This marks the one-year anniversary of his wrongheaded pronouncement that inflation would be ‘transitory.’
Search results for: Federal Reserve
Newsmakers
Volcker’s Lesson for Today’s Fed: Don’t Pivot
PIMCO’s Crescenzi touts the steadiness of the central bank chief who conquered inflation four decades ago.
Risk
Dueling Data Points: Unemployment and Housing
Are we in a recession, or headed that way? Contradictory signs make the outlook fuzzy.
Research
Unexciting Earnings May Be Warning Sign, BlackRock Says
Projected S&P 500 profits rose just 6.7% in the second quarter, and even slower results are ahead. Not good for stocks, the firm contends.
Asset Allocation
PIMCO Sees Opportunity in Emerging Markets Bonds
Central banks in emerging markets have hiked at different speeds, with the best currency gains going to an aggressive Brazil.
Asset Allocation
Higher Stocks Benefit US Corporate Plans in July
Despite lower discount rates, aggregate funding level for plans of S&P 1500 companies rose to 102%.
Research
Get Ready for an L-Shaped Recession, Warns Credit Suisse
A deep recession and then little growth may be what’s needed to fight today’s high inflation, says strategist Pozsar.
Asset Allocation
Did You Enjoy the July Rally? Too Bad It Was Temporary
Inflation, Fed rate hikes and an inverted yield curve are all undermining what seems like a new bull market, says Comerica’s Lynch.
How Realistic Is Getting Inflation Back to Near 2%?
A lot of wise souls think that goal is achievable—despite the heavy weather blocking the way.
Asset Allocation
Average Public Pension Assumed Rate of Return Hits 40-Year Low
More than half of funds tracked have cut their investment return assumption since fiscal year 2020, NASRA says.