Futures contracts for copper increased by more than 31% since the start of the year, including a 9.5% spike during the week ending July 11. … READ MORE >
Market Minute: Demand-side inflation implies Fed still has work to do
When the consumer price index for June is released on Tuesday, we expect a top-line monthly increase of 0.3% and 0.2% on the core, which will translate to 2.6% year-over-year increase and 2.9% on the core. … READ MORE >
U.S. economic outlook: Stagflation lite to describe second half
We now expect growth to slow to 1.1% this year, inflation to rise above 3% and a 4.4% unemployment rate. … READ MORE >
Financial markets in 2025: Setting the stage for more volatility
Volatility in the first half of the year has the stage for more of the same as investors continue to wrestle with U.S. trade and fiscal policies. … READ MORE >
Market Minute: Our year-end 10-year rate forecast
We expect the 10-year yield to remain in a range between 4% and 4.5% amid of elevated volatility and now expect it to finish the year near 4.35% with risk of a lower rate. … READ MORE >
Market Minute: Supply and demand for gas at equilibrium
National average prices that were over $5 per gallon in early 2022 at the start of the Ukraine war dropped to $3.30 in May. … READ MORE >
Market Minute: Extend and pretend is a feature, not a bug of trade policy
The extend-and-pretend deadlines on tariffs have turned into a never-ending moving of the goal posts that investors now discount. … READ MORE >
Policy uncertainty putting U.S. international investment position at risk
Foreign investment in U.S. financial securities and direct investment in its corporations are outstripping U.S. holdings of foreign assets by $26 trillion … READ MORE >
Market Minute: Global central bank outlook
Divergence figures to be the primary theme in global central banking during the final six months of the year as policymakers around the world adjust to higher American tariffs. … READ MORE >
Global central bank outlook: Divergent paths on rates
Divergence figures to be the primary theme in global central banking during the final six months of the year as policymakers around the world adjust to higher American tariffs. … READ MORE >