The ECB and the Fed both need to quickly normalize policy from the emergency settings adopted when the pandemic first hit.
The Fed last week signaled a large and rapid increase in its policy rate over the next two years and struck a surprisingly hawkish tone, indicating it’s ready to go beyond normalizing to try to tame inflation.
Strategic rivalry between the U.S. and China is creating a bipolar world.
Markets are pricing in a liftoff from near-zero policy rates as early as next year, even though the Fed through its new framework has committed to stay behind the curve on inflation. We caution against extrapolating too much from strong near-term activity data amid a powerful restart. We see a high bar for the Fed to change its policy stance and believe this may be underappreciated by markets.
A powerful economic restart is underway in the U.S. – with Europe and emerging markets (EMs) set to follow.
Members of BlackRock Investment Institute recommend their favorite books of 2020.
We have witnessed nothing short of a revolution in macroeconomic policy in recent months. Jean shares his take on what to focus on next.
How do we gauge the impact on global economy from the pandemic? Jean shares his thoughts.
‘Tis the season for holiday reading. Jean shares our top picks to take you through the new year.
Jean highlights some key takeaways that may help you with next year’s investment decisions.
The firm’s senior decision makers debated the midyear market outlook last week in London. Jean shares the gist of our debates.
