Fiscal impetus and the U.S. labor market
We examine the interplay between President Biden’s multi-trillion-dollar stimulus plans, the labor market, and corporate profits.
We examine the interplay between President Biden’s multi-trillion-dollar stimulus plans, the labor market, and corporate profits.
The Federal Reserve remains dovish on monetary policy as bond market vigilantes push yields higher.
We believe that pandemic-related bottlenecks have temporarily lifted U.S. inflation. Still, the underlying inflation trend is weak.
It is strategic for the U.K. to have a trade deal with the EU given the short- and long-term negative effects of Brexit.
The U.S. labor market continues to lose steam as fewer Americans were able to find work amid surging Covid-19 cases.
Oil prices are likely to trend slightly higher as OPEC+ mulls maintaining lower output in 2021 and demand recovers in key markets such as China.
Governments are trying to calibrate their policies to support growth as “fiscal cliffs” loom amid a resurgence in the virus.
U.S. election politics are playing out against a backdrop of an easing recovery, rising COVID-19 cases, and a potential new vaccine.
China is leading the economic recovery among emerging-market countries, buoyed by stimulus and stringent COVID-19 measures.