All North America articles – Page 4
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White papersFed and ECB: towards rate cuts in 2024
”Markets expect Central Banks to cut rates in early 2024. This is too optimistic, but falling inflation is good news for investors.”
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White papersPowell pivots policy: moving closer to rate cuts
The U.S. Federal Reserve left interest rates unchanged at its December meeting, as expected, and updated projections signal even more rate cuts in 2024 than previously expected.
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White papersGreen premium: Study of New York and London Real Estate finds strong evidence for a ‘green premium’
In 2021, Bill Gates authored How to Avoid a Climate Disaster, a plan for the world to reduce net CO2 emissions and avoid a climate catastrophe. One of the key ideas in his book was that of a ‘green premium’.
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White papersEngagement case study: Royal Bank of Canada
With the growing use of artificial intelligence (AI) in financial services, we were concerned about data governance, fairness, algorithm biases and accountability of AI tools implemented by Royal Bank of Canada.
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White papersISA Outlook 2024: North America – healing … gradually
In the North America chapter of ISA Outlook 2024, we discuss how our key global themes apply in the context of the United States and Canada. Property markets in both countries spent much – if not most – of 2023 wondering when the US and Canada would hit their peak rates. At the time of writing, the answer to that question remains uncertain.
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White papersDecarbonising the energy infrastructure ecosystem
Since launching Nuveen’s North American energy infrastructure credit platform in November 2022, Don Dimitrievich spoke with PDI about the compelling opportunity for infrastructure debt lending in North America, and why he believes managers who understand the entire energy infrastructure ecosystem, and have experience investing through credit cycles, will be best positioned to deliver the most attractive risk-adjusted returns for investors.
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White papersU.S. Economic Monthly: Consumers Keep At It
MIM now expects a recession to begin in 2024.
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White papersFed moving to a pause with a very data-dependent approach
The Federal Open Market Committee (FOMC) raised the federal fund rate by 25bp but dropped future guidance. Chair Powell claimed that the Fed is far away from hitting its inflation target, but acknowledged that the tighter credit conditions for households and businesses could affect economic growth.
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White papersOn the Curve Carries On: Investing in Intermediate Corporate Fixed Income
Last year we highlighted the relative attractiveness of the intermediate part of the corporate curve. And a year later, we believe we continue to see value in the intermediate corporate credit space. In this paper, we highlight the potential opportunities for investors amidst the current valuations in high grade fixed income strategies across the curve.
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White papersThe Endurance of U.S. Rental Housing Investments
Over the past decade, U.S. multifamily has been among the most sought-after sectors by institutional investors due to its necessity characteristic, the underlying strength of property-level fundamentals, and high historic risk-adjusted total returns. It has remained an integral part of commercial real estate (CRE) investment portfolios with a portfolio weighting of 29.2% in the NCREIF Fund Index-Open End Diversified Core Equity (NFI-ODCE).
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White papersBear With Us: An Evaluation of Valuation
We’ve compared U.S. equities’ 2022 bear market with previous ones to evaluate paths the market could take to end today’s bear market. Based on this data, it’s possible we haven’t seen the market’s lows yet.
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White papersIs This the Final Fed Hike, for Now?
As expected, the Federal Open Market Committee (FOMC) decided to hike its key interest rate, the federal funds rate, by 25 basis points (bps; 100 bps equal 1.00%), to a range of 5.00% to 5.25%. Despite the banking sector’s ongoing wobbles—most recently, First Republic Bank’s takeover by JP Morgan over the past weekend—the FOMC sees fighting inflation as its highest priority.
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White papersProxy Voting: Engagement Matters
As we kick off our latest NB Votes campaign, we look at what detailed bottom-up knowledge brings to the process, and what can happen when it’s absent.
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White papersIncome Generator: Beyond the Inflection Point
Volatility across the banking sector will likely mark an inflection point in policymakers’ current tightening cycle. We lay out five specific themes to help fixed income investors navigate the shifting markets.
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White papersTrump indictment: implications for US politics and assets
”The US political environment is highly polarised on Trump’s indictment, with some seeing this as being politically motivated.”
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White papersFourth quarter private real estate returns move negative
US private real estate returns went negative in Q4 2022 as the impact of higher interest rates continued to ripple through to market pricing and appraised values. This trend is expected to continue through the first half of 2023 with stability projected to return later in the year.
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White papersFinancial stability concerns to tip the balance towards a US recession
Recent stress in parts of the banking sector will raise funding costs and reduce lending to many sectors. Now we expect the US economy to shrink by - 1.1% in 2023, driven by a contraction in domestic demand. Eurozone growth should stagnate amid inflation remaining high.
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White papersA Domino Effect?
At Allspring, we’re committed to being purposefully divergent. Our investment professionals are free to voice their own views, and their perspectives enable us to more holistically “see” both potential opportunities and risks.
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White papersLiving on a Prayer
The Federal Open Market Committee hiked rates by 25 basis points (bps) and kept its quantitative tightening plans in place. It did acknowledge that financial conditions have tightened and progress has been made on inflation. However, it seems to think it can simultaneously tighten monetary policy to fight inflation while providing support to the financial system. The Federal Reserve (Fed) may be living on a prayer instead.
