Fiscal responsibility is not a priority in this election.
Since mid-2022, when the Federal Reserve was in the midst of its aggressive hiking cycle, investors piled over $1.6 trillion into money market funds, which include Treasury bills.
The Northern Trust Economics team reacts to the Fed's decision and shares its outlook for U.S. growth, employment and inflation.
MSCI boosted India’s weighting in the MSCI Emerging Markets Index and reduced China’s in its latest quarterly rebalance, continuing long-term trends.
With attractive valuations, emerging market equities look like a good opportunity. A factor investing strategy, designed well, may enhance performance and help manage some key risks.
How rapidly should the Fed cut rates?
States enter fiscal 2025 maintaining stable reserves and moderating fixed costs, yet we expect many will need to make modest spending cuts due to exhaustion of federal pandemic aid.
Passive fixed income index investing has evolved significantly over the previous decade, offering investors the flexibility to align risk requirements and investment goals. Learn more from our experts.
Labor shortfalls will become the norm in advanced economies.
The next U.S. president will face immediate fiscal challenges.
The BRICS Pay initiative aims to better integrate currencies for trade and facilitate cross-border transactions among its members.
We think the decline in the S&P 500 Index on Tuesday may be more technical than fundamental.
Money can still be a factor in inflation.
A bright spot in Chinese investment could spell trouble for its financial institutions.
The case for infrastructure investment is rising, but so are its costs.
While short-term fluctuations and sudden selloffs have tested the markets, key indicators such as corporate profits, employment data, and economic resilience have held firm.
We analyze Federal Reserve Chair Jay Powell’s comments about the potential for rate cuts in September and beyond.
A Soft Landing Scenario Is Still a Realistic Base Case.
The 19th Century American author Mark Twain once said: “Travel is fatal to prejudice, bigotry, and narrow-mindedness, and many of our people need it sorely on these accounts. Broad, wholesome, charitable views of men and things cannot be acquired by vegetating in one little corner of the earth all one’s lifetime.”
That anthem was characteristic of the era. After two decades of economic frustration, free market policies had prompted a surge of growth and a bull market for stocks. The captains of industry were corporate raiders, who purchased companies, slashed expenses, pushed up prices and reaped outsized rewards.
We explore how strong fundamentals and a resilient economy may position high-yield bonds as a potentially compelling choice in today’s fluctuating market.
Last week, we explored the old economic rules that falsely predicted an imminent recession. Losing those guideposts has complicated our efforts to craft an outlook.
Powell will hint at normalizing monetary policy, but at a measured pace.
The tea trade has lessons for today’s global commerce.
Previously reliable recession signals have not worked in this cycle.
The Bank of Japan needs to proceed cautiously.
Slower employment cements the case for the Fed to start a series of rate cuts.
North American trade is booming, but gains have been uneven.
The strong currency is neither a blessing nor a curse.
The Northern Trust Economics team shares its outlook for growth, inflation and interest rates in major markets.
Today’s passive index investing requires active choices, as customization and innovations in index funds have resulted in new considerations for investors and the potential for greater control.
I chaired an international economics conference in Canada earlier this month. Delegates from all over the world attended to discuss the issues of the day. Following is an abridged version of the meeting summary that I offered during the closing session.
Western demand and monetary policy are having an important impact on economic prospects for the Asia-Pacific region.
Slower spending is a part of the return to normal economic conditions.
Metals from Mexico may have a much further point of origin.
Analysts periodically construct elegant algorithms that produce interesting conclusions, only to learn that the underlying information is flawed.
The Federal Reserve is in the pilot’s seat as the American economy approaches a soft landing. The runway is in sight, but some careful maneuvering will still be needed.
The initiation of the excessive deficit procedure will hinder European unity.
History suggests that it is better to embrace progress than hinder it.
Explore the complexities of the high-yield market through comprehensive insights from our experts.
The addition of Dell Technologies and Super Micro boosted the weighting to the technology sector. We also analyze changes to the value and growth indexes.
Tariffs do more harm than good to nations that impose them.
Rebalancing events help ensure benchmarks maintain exposure to companies within their targeted asset class or markets, but the rebalancing can also impact investment portfolios.
We review the key themes of the first half of a busy year.
Initial rate cuts by the European Central Bank and Bank of Canada may signal a transformative trend toward monetary easing.
Adapting to the new cycles requires swift operational changes, making the guidance of experienced managers crucial.
The Northern Trust Economics team shares its outlook for major markets, with a spotlight on the eurozone.
Chief U.S. Economist Ryan Boyle explains why measures of inflation don't match feelings about prices.
Higher education is one among many paths to success.
The allure of China as a global manufacturing hub is unlikely to fade anytime soon.
