“Jerome Powell will take over as Fed chair on February 3 and may continue the path of data-dependent, gradual rate hikes laid out by his predecessor, Janet Yellen.”
Month: January 2018
“The recent lack of volatility in the U.S. stock market has been historic on many levels.”
“The Beige Book suggests continued moderate economic growth.”
“Treasury yields have seen a significant increase since early September 2017, but credit markets aren√¢‚Ǩ‚Ñ¢t showing any signs of stress.”
“We expect a solid fourth quarter earnings season and believe a 14–16% year-over-year increase in S&P 500 earnings is achievable.”
“2017 was an excellent year for international equities, particularly EM.”
“Dollar weakness in 2017 helped propel unhedged foreign developed bonds and U.S. dollar-denominated EMD to strong performance.”
“Global economic growth was stronger than expected in 2017, and we√¢‚Ǩ‚Ä∞√¢‚Ǩ‚Ä∞anticipate moderate acceleration in 2018.”
“Data point to a U.S. economy that has picked up some speed.”
“Economic reports released in December 2017, which mostly reflect economic activity in November, largely exceeded economists√¢‚Ǩ‚Ñ¢ consensus expectations and suggested continued steady growth in the U.S. economy. “
