Federal Reserve

Sluggish growth in the US has led the Federal Reserve to question whether the economy is struggling with ‘economic hysteresis' - when a recession permanently damages growth potential. The issue could have huge implications for monetary policy and equity...

An industry's obsession with short-termism

There has been forward guidance, backtracking, and a lot of false starts, but as the world's largest economies continue to recover, the question over which developed region will raise rates first looms large.

The S&P 500’s rise and rise

US markets continued to edge higher on Wednesday, despite the Federal Reserve's latest minutes suggesting an interest rate hike may come sooner than expected.

Markets across Asia and the US climbed on Thursday, following a bout of soft economic data which saw retail sales in the US stall.

US high yield bond funds and ETFs have seen record outflows this week, according to Lipper data, amid a spike in yields for the asset class in both the US and UK.

EMERGING MARKET DEBT

Investors predicting historically-low interest rates will rise after the end of quantitative easing are misguided, M&G's fixed income desk have said.

The US Federal Reserve has maintained the gradual tapering of its QE programme after a meeting which suggests some members are pushing harder for a more hawkish monetary policy.