All Inflation articles – Page 2
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White papersTalking Markets – Inflation, central bank policy and the changing shape of bond market
Inflation isn’t fading into the background, it’s redefining how investors think about fixed income.
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White papersCIO Weekly: The Fed’s New Era
Last week’s Federal Reserve meeting was always going to be less about rates than about legacy: what Fed Chair Jay Powell leaves behind and what his successor, Kevin Warsh, walks into.
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White papersPolicy on pause
“Global central banks are assessing the extent of the stagflationary shock. They want to keep market and consumer inflation expectations in check, while also retaining the flexibility to respond to any shock to growth and consumption. This is what we call disciplined optionality.”
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White papersReal estate fundamentals remain intact amid geopolitical noise
Geopolitical risk has intensified, but markets are signaling volatility rather than systemic stress, which matters for commercial real estate. So far, the impact has flowed through commodity prices, not a repricing of long-term rates or broader financial conditions, helping preserve valuation support for income-oriented assets.
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White papersApril ECB meeting: In a good position to make the right decision
As expected, the European Central Bank (ECB) held policy rates steady today, extending its pause for a seventh straight meeting in the current easing cycle. Rates on the deposit facility, main refinancing operations, and the marginal lending facility remain at 2.00%, 2.15%, and 2.40%, respectively.
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PodcastGeopolitical friction and the new market reality - Investment Views by Outerblue Convictions
Markets have remained surprisingly resilient despite a fast-moving news cycle, rising geopolitical tensions and growing uncertainty around the outlook for growth and inflation. In this episode of Outerblue Convictions, host Swaha Pattanaik speaks with Monica Defend, Head of the Amundi Investment Institute, following the IMF spring meetings in Washington to discuss the structural shifts now shaping markets and what they mean for investors.
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White papersFactory Reset: U.S. Manufacturing Turns Up
The manufacturing industry has been struggling since the pandemic. Various metrics, including industrial production and the ISM Manufacturing index, have been in contraction or decline for years.
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White papersGlobal Investment Views - May 2026
Over the past few weeks, markets have been driven by higher inflation expectations, shifting central bank outlooks and contrasting news flow, all within a matter of days. This resulted in upward pressure on rates and downward pressure on risk assets in the initial part of the conflict. Most equities, including those in the US, Europe and emerging markets, have now returned close to their pre-war levels.
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Asset Manager NewsResponse to inflation pressures - Kempen SDG Farmland Fund
The shift away from decades of low-inflation and a highly globalised economy represents a structural change in the macro-economic environment.
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White papersThe Fed under pressure: Politics, power and the future of monetary policy
Before the war in Iran erupted, markets were occupied with the likely impact of Trump’s appointment of a potentially dovish loyalist as the new Chair of the Federal Reserve (Fed). While this conversation has faded somewhat into the background, it is arguably as important as ever.
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PodcastLicence to roam empowers absolute return bond approach
With a ‘licence to roam’ fixed income markets, an absolute return approach works with a toolkit that allows it to continue to earn returns in bond markets roiled by geopolitical tension and the growth and inflation upsets that go with it.
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VideoQuarterly Outlook - Looking through the fog of war
Amid sticky inflationary pressures and shifting growth dynamics, what do rising bond yields mean for fixed income investors? And can equities continue to show resilience despite geopolitical uncertainty?
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White papersThe energy test for European sectors
We believe that European companies’ Q1 earnings should remain relatively robust.
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White papersThe oil shock: From higher inflation to lower growth
Europe’s growth story is gaining real momentum, and this time, the fiscal firepower behind it is hard to dismiss. From Germany’s historic infrastructure and defence spending surge to spread compression in Spain and Italy, the macro backdrop across Europe is shifting in ways that matter for fixed income investors. Read the full macro outlook to see where we see the most compelling opportunities across European bonds and what the outlook means for your portfolio.
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White papersPotential implications of the Middle East conflict for bonds
The Middle East conflict, while first and foremost a human tragedy, also represents an energy supply shock with potentially significant implications for global growth. In a new paper, Head of Global Sovereign, Inflation and Rates, Cedric Scholtes presents a framework for analysing the war’s fixed income investment implications.
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White papersNew real estate cycle: Why opportunities are opening up again for institutional investors
Interview with Wolfgang Kessler and Michael Kammerzell from Union Investment Institutional Property GmbH
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White papersEuro fixed income: A broad spectrum of opportunities
Despite the Iran conflict, we continue to see potential opportunities for ETF investors in European fixed income. Solid corporate fundamentals are supporting the credit sector, and we believe inflation-linked and short-duration bonds could perform well. The current backdrop of heightened geopolitical tensions underscores the need for an active and flexible investment approach.
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White papersReal Estate Outlook – Switzerland, Edition 1H26
The year 2025 was marked by a high degree of economic policy uncertainty, as the US import tariffs placed a noticeable burden on export‑oriented economies such as Switzerland. With the start of 2026, geopolitical risks have come to the forefront. The conflict in the Middle East has driven commodity markets into extreme volatility and has heightened concerns about stagflation. Europe is feeling these effects very acutely, which is dampening the expected economic recovery.
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White papersBack to the Future: Cap Rates, Inflation, and the Lessons of the 1970s
If today’s macroeconomic environment begins to resemble the 1970s, the path of cap rates could take many investors by surprise.
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White papersRelative Value & Tactical Asset Allocation – Q2 2026
Our quarterly Relative Value and Tactical Asset Allocation combines insights from our investment teams and the Global Economic and Market Strategy team to assess relative value across major asset classes.
