Five consequences of ‘lower for longer’ interest rates
As the damage to the global economy from Covid-19 becomes clear, few central bankers would contemplate raising rates.
28th Sep 2020
Global update: March meltdown
The extended bull run came to an abrupt end in March as the coronavirus continued to spread into Europe and America, and a collapse in confidence pushed share indices into bear-market territory.
20th Apr 2020
The Week: Bye-bye the ‘V’ shaped recovery; hello the ‘L’ shape
A V-shaped recovery now looks vanishingly unlikely, but could any good come of the financial market meltdown?
19th Mar 2020
Fed cuts rates to near-zero
In an unprecedented move, the US Federal Reserve (Fed) announced its second consecutive emergency rate cut as central banks around the world launched co-ordinated action to support the global economy.
16th Mar 2020
The Week: What markets really, really want...
Markets have their fiscal and monetary stimulus, but still they’re not happy. What would it take to improve market sentiment?
12th Mar 2020
The Week: Federal Reserve: not enough or too much?
The Federal Reserve surprised markets by announcing a 50bps interest rate cut in an attempt to calm market nerves. The move hit a bum note, prompting a further sell-off in the equity market.
5th Mar 2020
Global update: Investors take fright as coronavirus takes hold
As the spread of coronavirus gathered pace across the world during February, investors became increasingly concerned that the economic impact could trigger a global recession. Share prices plunged ove...
US interest rate update: Fed cuts interest rates by 50 basis points
Amid mounting concern that the coronavirus could slow down economic growth, the US Federal Reserve cut its key interest rate by 0.50% percentage points to a range of 1% to 1.25%.
4th Mar 2020
The Week: Why is the Bank of England not easing?
While the ECB and Federal Reserve are loosening monetary policy, the UK is holding out. Why?
18th Sep 2019
US market review: Fed cuts rates for the first time since 2008
US equity markets reached new closing highs during July, and the S&P 500 Index breached 3,000 points for the first time ever.
19th Aug 2019
The Week: The Fed has bitten the bullet on interest rates
The Federal Reserve has bitten the bullet on interest rates, but will the 25bps rise make any difference to the global economy?
1st Aug 2019
LGIM Talks: Let's rebuild America
The recent soft patch in growth and dovish shift from the Federal Reserve has made it less likely that the US enters recession next year.
Legal & General Investment Management
25th Apr 2019
Global bond market review: European slowdown drives demand for bonds
Fears of an economic slowdown in Europe rattled investors during March, and European government bond yields fell as investors sought perceived safe havens.
17th Apr 2019
“A mood of angst”
As expected, the Federal Reserve (Fed) rounded off 2018 with its fourth interest-rate increase of the year, and its ninth since 2015. Fed policymakers raised the key federal funds rate by 25 basis poi...
21st Dec 2018
The Yield Curve: Economic Outlook for 2019
The yield curve gap has been a powerful and accurate predictor of recessions over the last 40 years. This month, we examine the recent movements in the yield curve and the implications of the shape of...
19th Dec 2018
US market review: Partial shutdown for the US government
Although US equity markets hit record highs during 2018, they ended the year in negative territory, pulled down by concerns over trade tensions, rising interest rates, a partial shutdown of the federa...
10th Dec 2018
Global bond market review: Brexit sentiment drives European bond yields
European government bond yields rose sharply in November on the news that the UK and EU had finally managed to thrash out a Brexit deal.
7th Dec 2018
US interest rates reach a ten-year high
The US Federal Reserve raised its key federal funds rate by 0.25 percentage points to a range of 2% to 2.25% at its September monetary policy meeting. The unanimous decision represented the third incr...
19th Oct 2018
The Week: The Fed tightens rates, but do money markets share its optimism?
As the Fed hikes rates once again, and predicts more rises this year and next, the yield curve continues to flatten.
27th Sep 2018
Global update: Rising US protectionism knocks sentiment
Investor sentiment during March was marred by mounting levels of US protectionism.
6th Apr 2018
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