Global Liquidity Market & Portfolio Commentary - J.P. Morgan Asset Management

Global Liquidity Market & Portfolio Commentary

Q1 In Review

In Brief
  • The first quarter was a complete reversal of the volatility we experienced in 4Q18 with sentiment turning positive and strong performance from risk assets.
  • Economic data released in the first quarter supported our expectation that growth will be slower this year than in 2018. Residual seasonality, the government shutdown and tighter financial conditions all put a drag on first-quarter growth.
  • The Fed kept rates unchanged at its March Federal Open Market Committee (FOMC) meeting, a move that was widely anticipated, but turned more dovish than expected by lowering its forecast for rate hikes from two to zero in 2019, and announcing its intention to end balance sheet runoff in September of this year.
Download the full Americas commentary   Download the full UK and Europe commentary    Download the full APAC commentary  

Related Solutions

Performance & Yield
J.P. Morgan delivers comprehensive solutions based on the unique investment objectives of your organization.
Our investment strategies
We offer investment solutions spanning a range of currencies, risk levels and durations to meet our clients’ specific operating, reserve and strategic cash management needs.
Liquidity Insights
View original research, reports and commentary from our portfolio managers, analysts, economists, and traders.