All Inflation articles – Page 16
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White papersCould the Rise of AI Mean Falling Prices?
There’s been much discussion of AI’s deflationary potential, but this issue must be viewed in the broader context of other megatrends influencing a new investment regime.
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White papersWhat’s next for the Swiss economy?
Inflation is slowing in Switzerland but the economy remains subject to a great degree of uncertainty. What does the latest Swiss National Bank policy meeting tell us about the outlook?
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White papersInflation: Mapping the impact of the global rate hiking cycle
After a sustained era of cheap money, an abrupt and unprecedented shift in the global interest rate hiking cycle was ushered in, as the world’s major central banks sought to stave off surging inflation.
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White papersThree Fixed Income Market Scenarios
With roughly 500 basis points of rate hikes in the rearview mirror, the Federal Reserve has enjoyed significant progress in curbing U.S. inflation. However, reducing core inflation remains a challenge and many developed market central banks have recently taken a more hawkish tone. The European Central Bank and the Bank of England, in particular, may have more work to do.
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PodcastOuterblue Convictions – Global Investment Views: Inflation stabilises, but policy dilemma continues
Autumn made a hasty arrival to Europe in mid-September and it was accompanied by a multitude of monetary policy meetings. The current tightening cycle has seen plenty of interest rate hikes. But this new round of meetings show how central banks appear undecided on their next steps in light of the mixed signals coming from their economies. What will this cautious stance from central banks mean for the world’s economies?
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White papersGlobal Investment Views - October 2023
“Markets have not priced in the risks related to the credit cycle, volatility in inflation figures (to the upside and downside), and any kind of landing for the US economy. We maintain our quality bias.”
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White papers2023 4Q GIC outlook: Stay in the game
Global Investment Committee: Bringing together the most senior investors from across our platform of core and specialist capabilities, including all public and private markets
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White papersInside Real Estate Outlook: Waiting for Godot
In Samuel Beckett’s play “Waiting for Godot”, two characters engage in an endless discussion while awaiting the titular Godot who never arrives. A similar parallel appears to beset global investors waiting for central bankers to signal the end of monetary tightening.
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White papersA formidable friend in turbulent times
Infrastructure debt is now an established alternative asset class. While it broadly refers to the debt component of an infrastructure asset’s or company’s capital structure, it is by no means homogeneous, with the market covering a range of sub-sectors and risk profiles.
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White papersMulti asset: what do macro and market signals tell us?
We may be in a late phase of the economic cycle and the investment backdrop remains in flux. As many children globally head ‘back-to-school’ in September, our multi-asset team drills into what the data mean and which asset classes are showing more positive signals.
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White papersEuropean sale-leaseback: an attractive investment opportunity in today’s uncertain market
The European sale-leaseback (“SLB”) market is a large,yet relatively untapped market, that has the potential to offer the kind of stable, inflation-linked returns that may appeal to institutional investors in today’s uncertain environment.
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White papersPolitical Gridlock but Fiscal Largesse
How political dysfunction undermines debt sustainability and helps embed structurally higher inflation.
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White papersThe BoE’s “Table Mountain” Approach Sees Rates Highest for Longest
The Bank of England kept its Bank Rate on hold at 5.25% on September 21, 2023. The UK’s economic backdrop is weak, so we believe that the BoE will keep interest rates at this level for the near future.
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White papersFed Holds Rates—Is This It?
At its September meeting, the U.S. Federal Reserve (Fed), as expected, left its federal funds target rate unchanged, at 5.25%–5.50%.
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White papersPeter Harrison: The City needs to embrace risk
Proposals to overhaul listings rules are a step in the right direction but much more work needs to be done.
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White papersSDG Engagement Equity Report, H1 2023
In this report, we outline our engagement activity for the first six months of 2023. During the period, we once again put emphasis on the role companies can play in supporting their employees.
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White papersEuro-denominated short duration – only upside from here?
The ECB is at or near the end of its historic monetary tightening cycle. From this point, we believe investors in euro-denominated short duration debt may well stand to benefit – whatever happens next.
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White papersThe Eurozone economy under scrutiny, as the policy support fades
The Eurozone economy has stagnated over the last three quarters, although growth in the second quarter was marginally positive due to strong idiosyncratic growth in one or two smaller countries.
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White papersThe ECB Delivers a (Final?) Dovish Hike
The ECB raised its deposit rate to 4.0% today, an all-time high since the launch of the euro. It cited uncomfortably high headline inflation of more than 5% as the key driver of its decision. Higher interest rates signal concern among ECB policymakers that underlying inflation could become embedded. That would make it harder to get back to the Bank’s 2% target.
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White papersInfrastructure debt remains resilient in the face of macro headwinds
In an article originally published by Private Debt Investor magazine, Schoders Capital’s Damien Gardes talks inflation protection and rate rise benefits for infrastructure debt in this Q&A.
