“While we expect the Fed, Bank of England and ECB to start rate cuts around June, we will keep an eye on the pace of disinflation for any surprises.”
Topic of the Month
6 questions concerning the weakness behind US resiliency
- The US economy is showing signs of deceleration, with falling profit margins and a decline in the leading economic index suggesting a potential slowdown in the coming quarters.
- Rising delinquency rates on credit card and auto loans signal increased financial stress, especially among younger and lower-income households.
- Restrictive monetary policy and high mortgage rates are contributing to low housing market activity and this trend should also continue in 2024.
Summary
Topic of the Month
Macroeconomics, Geopolitics, and Strategy
Global Investment Views
Macroeconomic and financial market forecasts
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