Economic Updates

Keep up to date on the global economy and its impact on markets.

We see a mid-cycle slowdown, but upside on the horizon

We see a mid-cycle slowdown, but upside on the horizon

Q1 2019 | Capital Markets Outlook

As the S&P 500 Index teetered on the verge of a bear market at year-end, we fielded numerous questions about the prospects for an impending recession.

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Trade war and rising rates create headwinds for global economy

Q4 2018 | Fixed Income Outlook

The outlook for global economic growth is easing because of protectionist tariffs, weakness in emerging markets, and rising oil prices.

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Seeking opportunity in uncertainty

Q4 2018 | Equity Outlook

Despite risks of inflation and trade conflicts, opportunities exist for equity investors worldwide.

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Economic Update for January 14, 2019

Economy
  • The Federal Reserve reported that consumer credit increased at an annual rate of 6.75% in November.
  • The CPI fell 0.1% and core CPI rose 0.2% in December, the Bureau of Labor Statistics reported.
Employment
  • Initial jobless claims declined by 17,000 to 216,000 in the week ended January 5, 2019, according to the Labor Department.
Profits
  • According to FactSet, the estimated earnings growth rate for the S&P 500 Index for the fourth quarter is 11.4%.
Emotion
  • The NFIB Small Business Optimism Index declined slightly in December.