Economic & Market Update First Quarter Review and April 2023 Outlook While there were concerns about an impending recession, both the U.S. and European economies showed resilience with growth rates exceeding expectations. Strong job security and wage growth led to continued high consumer spending.
Economic & Market Update March 2023 Economic & Market Outlook The global economy continues to avoid a near-term recession, as consumer spending remains strong and the effects of monetary tightening have yet to be fully realized. Opportunity can still be found in the bond and equity markets though equity market advances will be dependent upon progress on inflation and clearer signs the Fed is close to the end of its tightening cycle. Read more in our March 2023 Economic & Market Outlook.
Economic & Market Update February 2023 Economic & Market Outlook Markets have recently been and will continue to be driven by three key influences: monetary policy primarily emanating from the Federal Reserve, China’s COVID reopening and the growth potential therein, and the earnings and guidance reported by leading S&P 500 firms. While we remain cautiously optimistic that inflation will continue to abate, rates will stabilize, and the global economy will not fall into recession, the market’s assessment of the three key influences will determine the short-to-mid-term path forward.
Economic & Market Update December 2022 Economic & Market Outlook Despite the persistency of inflation and the magnitude of rate increases in 2022, the economy has generally remained resilient, buoyed by the inherent strength of the U.S. consumer and a strong labor market.
Economic & Market Update November 2022 Economic & Market Outlook After a yearlong bear market marked by high inflation and several failed market rallies, central bankers around the globe may be closer to ending their aggressive tightening polices as the economy slows and inflation dissipates.
