All United States articles – Page 23
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White papersPutting the September selloff in U.S. listed REITs into perspective
We’ve argued over the course of this year that markets presented attractive entry points for listed real estate. Recent declines in listed REIT valuations, driven by macroeconomic uncertainty, do not alter this view.
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White papersDon’t expect rates volatility to decline overnight
The volatility in interest rates has surged over the past two years as central banks have fought this long-lasting increase in inflation. In this weekly edition of Simply put, we explain how this risk evolution has significantly reshaped our asset allocation.
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White papersGlobal Investment Views - November 2023
Look out for growth, but with an eye on inflation
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PodcastFixed on ESG, Ep. 18 - Plastic Packaging Predicament: The Best-Worst Option
A conversation on the implications of plastic packaging and what investors should consider when it comes to the plastic packaging sector.
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White papersIPM monthly blog – Edition October 2023: Our monthly insights into private markets
US interest rate expectations have moved higher as the economy has remained robust, leading to the possibility of another interest rate rise and a likelihood that rates will show only small (if any) cuts in 2024. Higher-for-longer rates would be a headwind for real estate markets, though a strong economy is positive for occupier demand.
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White papersShould markets fear the services slowdown?
Growth in the services sector has taken a downwards turn. Can the improving manufacturing alone sustain US economic growth? In this weekly installment of Simply put, we assess the likely impact of a slowdown in the services industry on markets.
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White papersTreasury yields rise, anticipating a Fed pause
The U.S. Treasury yield curve steepened as the U.S. Federal Reserve indicates a pause at the November meeting. The market has essentially priced out any chance of a November hike and is pricing in only a 20% likelihood of a December rate increase.
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White papersQuarterly fixed income perspectives 4Q 2023: Recession takeoff delayed but not canceled
While the timing of a recession remains uncertain, unique opportunities exist for fixed income investors as we head into the final quarter of 2023.
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White papersWhy are interest rates rising?
The interest-rate environment in the US could not be worse, due to both the country’s fiscal situation and hawkish monetary policy. In this weekly instalment of Simply put, we analyse these two factors and their impact on rates.
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White papersLimited hit from energy price rise on US consumption so far
The impact of energy on the US economy has declined over the last three decades, but a series of shocks since the pandemic and a +30% price surge since July has brought the topic back to light. We find that it would take a material rise in energy prices and a combination of negative factors for households before there is a visible toll on overall spending. We’re not there yet and anticipate only a marginal impact on consumption at this stage
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White papersCross Asset Investment Strategy - October 2023
Topic of the Month: Limited hit from energy price rise on US consumption so far
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White papersIs more monetary tightening really needed?
In this monthly series, we take a quick, comprehensive look at current macroeconomic themes that matter to clients.
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White papersUsing economic state models to assess the U.S. office outlook
Economic state models can be a valuable tool for investors seeking a framework to methodically analyze dynamics between macroeconomic indicators and local market trends, as well as anticipate changes in real estate cycles and formulate better-informed strategies.
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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 papersIn this late-cycle phase, how high could commodity prices fly?
We are probably at the end of an economic cycle. Several quarters before some form of ’landing’, a number of market mechanisms typically activate, including the relative outperformance of emerging-market assets, a rise in long-term interest rates and an increase in commodity prices. In this weekly instalment of Simply put, we focus on the future growth potential of commodity prices.
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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 papersFed Meeting Impact: Is It More Than You Realize?
This paper discusses how Federal Open Market Committee (FOMC) meetings have a significant impact on options pricing, creating risks and opportunities for investors employing options-based strategies.
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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 papersThe Fed’s Higher-for-Longer Mantra is OK for Bonds
The Federal Reserve indicated that policy rates will likely remain elevated for some time and that neutral policy may indeed be higher than previously projected at its September 20, 2023 meeting.
