Regulatory storm sweeps across China
President Xi Jinping’s “common prosperity” campaign to address China’s wealth gap has converged with the regulatory crackdowns.
President Xi Jinping’s “common prosperity” campaign to address China’s wealth gap has converged with the regulatory crackdowns.
Global financial markets might be pricing in a “living with the virus” environment and are adjusting to a lower growth path.
Following broad-based recovery in the labor market when the economy initially reopened in 2020, the labor force participation rate has stagnated and started to diverge.
State financial health has improved as tax receipts rebound and states receive sizable federal aid.
We believe growth in the United States remains strong, but expectations need to be revised lower.
We examine the interplay between President Biden’s multi-trillion-dollar stimulus plans, the labor market, and corporate profits.
The Administration’s recent plan would increase the highest marginal income tax rate but would not likely impact muni yields.
The Federal Reserve remains dovish on monetary policy as bond market vigilantes push yields higher.
The American Rescue Plan Act provides billions in federal stimulus to states and local governments.