Analysts Corner: 04/23/2024 – High Rates Strong Global Growth

Weekly Market Recap

A look back at the financial markets over the past week and a look ahead at key economic developments this week.

Source: JP Morgan Asset Management

Weekly Macro Recap

A look back at key macroeconomic and geopolitical developments that help us contextualize the current investing landscape.

Source: Luke Gromen, FFTT

Fixed Income Outlook – Not as Planned

Another higher-than-expected U.S. inflation number means the U.S. Federal Reserve should be in no rush to cut rates before price pressures subside. With the risk of inflation continuing to surprise to the upside in the near term, BNP Paribas nows expects benchmark 10-year yields to potentially retrace to 4.75%, at which point BNP Paribas would likely again go overweight duration.

Source: BNP Paribas

Macro Insights Monthly – April 2024

Recent data suggest that inflation could prove persistently high for some time and limit the room for central bank easing. Despite this high-for-long path for policy stances, investors remain convinced it will not prove sufficient to derail global growth.

Source: Rothschild & Co Asset Management

Regional Economic Outlook: Europe Apr 2024

A soft landing in Europe is within reach. Executing it will require careful monetary policy calibration. Fiscal policy needs to create buffers to tackle future shocks. Raising growth beyond the near-term recovery needs efforts to build more integrated markets with reforms needed at both domestic and regional levels.

Source: IMF