Latest Research Note

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Research Notes - Macro Commentary

The consequences of shrinking the Fed’s balance sheet

The consequences of shrinking the Fed’s balance sheet

May 16, 2017
The Federal Reserve is now actively considering...
Is US productivity (finally) perking up?

Is US productivity (finally) perking up?

May 4, 2017
The slowdown in productivity growth in the...
Global Surveys or Hard Data – Which are the Fake News?

Global Surveys or Hard Data – Which are the Fake News?

April 4, 2017
The Fulcrum global nowcasts continue to report...
Fed tightening but no revival of the ‘Greenspan conundrum’

Fed tightening but no revival of the ‘Greenspan conundrum’

March 14, 2017
With the Federal Reserve likely to accelerate...
Why the Fed means business this time

Why the Fed means business this time

March 7, 2017
Recent commentary by senior members of the...
How will President Trump reshape the Fed?

How will President Trump reshape the Fed?

February 21, 2017
President Trump has an almost unique opportunity...
All Aboard! Next stop Fixed Income Absolute Return

All Aboard! Next stop Fixed Income Absolute Return

February 14, 2017
The fixed income asset class has produced...
Monthly Report Card – Global Reflation without Higher Inflation in 2017

Monthly Report Card – Global Reflation without Higher Inflation in 2017

February 8, 2017
The financial markets have been driven by...
The worrying macro-economics of US border taxes

The worrying macro-economics of US border taxes

January 17, 2017
Investors are beginning to focus on the...
China and the Fed: how different this time?

China and the Fed: how different this time?

January 10, 2017
Exactly a year ago, the markets were...
Rebound and reflation in the global economy

Rebound and reflation in the global economy

December 7, 2016
The latest Fulcrum nowcasts show the highest...
Trump and the markets: good, bad or (very) ugly?

Trump and the markets: good, bad or (very) ugly?

November 15, 2016
The election of Donald Trump is a...