Headwinds buffet emerging-market debt
Higher interest rates can challenge any fixed-income market, but rate increases in advanced economies can cause particular difficulty for emerging markets.
Author: D. William Kohli, Michael V. Salm, and Paul D. Scanlon, CFA
What may unlock consumer spending
While retail sales have been rather weak, key elements of consumer spending on services, including housing, are growing.
Old thinking in China raises doubts
A recent public spending plan in China suggests authorities may be revisiting old habits.
Why the economy looks solid
Despite jittery global markets, we believe consumer and trade data point to a balanced and healthy U.S. economy.
Wishing for a weak euro
We have concerns about the indirect approach of the European Central Bank as it seeks to use a weak euro to stimulate growth.
Reading inflation: “Noise” or wake-up call?
The Fed may be downplaying signs of inflationary pressures that have been building in recent months.