Fed and Treasury won’t come to the rescue

The Fed stuck to its inflation-fighting script yesterday, pointing to other tools available for fighting market stress. Markets didn’t really appreciate it – but it does suit our script.

Capitalizing on infrastructure opportunities

By: Björn Jesch

With inflation likely to remain sticky and unpredictable, both listed and non-listed real estate look like increasingly reasonable alternatives to other asset classes.

Americas CIO View

By: David Bianco

Getting Past the Panic: Mend capital availability, then capital costs

UBS to take over Credit Suisse

Immediate concerns alleviated, new concerns arise

Investment Traffic Lights

By: Björn Jesch

Our monthly market analysis and positioning

Too few companies use internal water pricing

Far fewer companies use ‘shadow’ internal water prices than carbon prices to guide business decisions.

Another volatile day for financial markets

Tensions that may ultimately help bring down inflation

Americas CIO View

By: David Bianco

Further tightening required: Fed Funds rate ex-ceeding 5% raises many risks

The (first?) prominent victim of the 2022 hiking cycle

Will Silicon Valley Bank’s insolvency spill over into broader markets?

Our forecasts

All forecasts at a glance

Step by step, uncertain direction

By: Björn Jesch

We do not expect a bad investment year. But the all-important development of interest rates and inflation could continue to cause surprises.

Tales of the Unexpected

Inflation looks set to remain quite sticky, with more interest rate hikes to come. This makes for a rather challenging environment for many risky assets.

APAC CIO View

The Chinese economy is on track for stronger growth in 2023

U.S. Economic Outlook

By: Christian Scherrmann

Labor market tightness and its implications for monetary policy

Plenty of U.S. jobs, still too few takers

Never since the 1940s have so many U.S. job openings coincided with so few job seekers. This help explain why the Fed is likely to continue its hawkishly cautious stance.