Insights

Trends, news, analysis and insight brought to you by our network of global experts.

January FOMC meeting Investment Insights • MFN

January FOMC meeting

The January 2024 Federal Open Market Committee (FOMC) meeting was accompanied by large market movements. US equities sold off sharply - the S&P500 index was down 1.6% - and Treasuries rallied as the yield on the 10-year US government bond fell by around 12bps on the day. This was despite the fact that the Federal Reserve delivered a message that was only slightly more hawkish than the market had hoped for. Daniel Murray provides a brief review of the statement and the accompanying press conference.

Daniel Murray

3 min read
What regional data tells us about the US economy Investment Insights • MFN

What regional data tells us about the US economy

Macro-economics, by definition, involves looking at the big picture. However, sometimes the big picture masks shifts in underlying elements that anticipate developments across the economy more broadly. It is therefore important to check for consistency across both the macro data and the component parts. Daniel Murray explores in this Macro Flash Note whether messages from US regional indicators of activity are signalling a different outlook to that implied by the national indicators.

Daniel Murray

2 min read
Middle East tensions Investment Insights • MFN

Middle East tensions

Events in the Middle East over the past few days have highlighted just how fragile the situation remains in that part of the world and it is understandable that this has dominated the media. There has been much written on the situation and there is little value to be added in terms of reportage. Established media sources have connections on the ground and provide almost real time information on how the situation is developing. However, as investors we need to look through the undeniable human tragedy to the potential impact on the global economy and markets. Daniel Murray provides some observations in this Macro Flash Note.

Daniel Murray

3 min read
FOMC September Meeting Investment Insights • MFN

FOMC September Meeting

Yesterday’s Federal Open Market Committee (FOMC) meeting saw the Federal Reserve stay on hold, as had been widely anticipated. However, the hawkish tone in the post-FOMC meeting press conference was a surprise, as were changes to the Fed’s outlook over the next few years. In this Macro Flash Note, Daniel Murray reviews the meeting and the associated projection materials. One interesting observation is that there is a widening gap starting to emerge between the median and average forecast for the longer run fed funds rate.

Daniel Murray

3 min read

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