Monthly Economic & Market Outlook Insights

Ben Pace

Partner & Chief Investment Officer

Economic & Market Update

May 2023 Economic & Market Outlook

May 2, 2023   -   The U.S. economy is slowing yet expanding, with inflation rates decreasing and housing recession stabilizing. Lower energy prices and China’s growth help delay a European recession. Central banks are adjusting rates, while equity markets advance. Investors should be cautious of further tightening and consider cash as a near-term alternative to bonds.

Ben Pace

Partner & Chief Investment Officer

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.

Ben Pace, Christian Thwaites and James Lebenthal

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.

Ben Pace, Christian Thwaites and James Lebenthal

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.

Ben Pace, Tom Cohn and James Lebenthal

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.

Ben Pace, Tom Cohn and James Lebenthal

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.

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Tell us about yourself and your current financial situation without cost or obligation. Receive an introduction to a wealth management colleague, have a personal conversation, and get your questions answered.

By clicking “Submit”, you acknowledge that we collect your name, email address and phone number to respond to your inquiries and provide you information about our products and services in accordance with our Privacy Policy. If you are a California resident, please see our CCPA Notice to California Residents.