Given current and projected productivity and labor supply dynamics, productivity is unlikely to provide a significant lift to future growth.
With little room for the unemployment rate to fall lower, many economists are growing increasingly concerned with the availability of labor supply and, the prospects for near-term economic growth.
Since the financial crisis, for a relatively liquid investment CLOs consistently have had the highest spreads net of capital costs for US life insurers.
Investment grade and high yield credit in emerging markets have delivered divergent performance over the summer. Could this trend reverse, or is investor caution warranted in the high yield space?
The evolution of pension regulations and implications for asset allocation
A close look at the Progressive Agenda, China’s deteriorating welcome mat in DC and US Tech IPOs
For investors peering into 2020, it is likely that U.S. monetary policy will remain on hold for the time being.