Economic Insights

We believe an era of low inflation, low interest rates and supportive fiscal and monetary policy has ended. We believe interest rates will probably need to stay higher for longer to tackle sticky inflation and weigh on economic growth. Last week’s US

We believe the Fed will continue its path of raising rates until it tackles inflation and will only pivot beforehand if there is deep foreign financial market contagion, massive market liquidity issue, or material credit market disruption. While the

Extremely hawkish statements by Fed Chairman Powell have had a noticeable impact on sentiment, shifting many economists and analysts into cautioning about an imminent economic recession in the US and possibly globally. The Fed's commentary is

With the big “macro week” ahead of us with the Fed meeting on Wednesday and various home statistics, the Investment Office will focus on the Fed’s three primary tools to deliver its monetary policy, which include fed fund rate targets, balance sheet

This week the Investment Office believes that in the current environment, where interest rates were recently at all-time lows and stock valuations high at the end of 2021, rising real rates have been one of the factors leading to a repricing of

This week the Investment Office expects the Federal Reserve to continue raising policy rates towards 4.0% pushing the U.S. economy towards a demand recession to bring inflation under control and potentially higher downside risks to markets. Our base

This week the Investment Office evaluates the equity and credit markets and their reactions to the Fed’s remarks last Friday. The Investment Office continues to watch for the possibility of a recession and how this new macro backdrop will impact