J.P. Morgan 2019 LTCMA Currency Exchange Rate Assumptions
The contribution of fiscal policy to global growth is poised to rise, what does this mean for our global economic outlook and portfolio positioning?
For emerging market fixed income investors, an issuing country's high inflation can lead to higher yields, compared to developed markets.
As expected, the FOMC voted to maintain the federal funds rate at a range of 1.00% to 1.25% at the November meeting, citing “realized and expected labor market conditions and inflation” as the driving forces behind today's decision.
Our view over the past few quarters has been that EURUSD should be rangebound, as the cyclical outperformance of the US economy is offset by the eurozone���s relatively better balance of payments position.
EURUSD should be rangebound
The Reserve Bank of New Zealand has led the way with its recent interest rate cut. As we head towards the end of the cycle, other developed market central banks could be expected to follow.
High-yield portfolios should now combine yield with dividend growth. Cash flow analysis helps determine if dividends are sustainable