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Rich Pickings podcast: Asia and Latin America are reshaping the world for investors
Richard Edgar is joined by Fidelity International experts to discuss how Asia and Latin America are reshaping the world for investors.
For the Fed, the last mile is the hardest
US policymakers have cooled expectations of an interest rate cut in March, and there are still big risks on the road to a painless soft landing.
Rich Pickings podcast: Outlook 2024
Richard Edgar is joined by Fidelity's heads of investment to discuss the investment outlook for 2024.
Rich Pickings podcast: Challenging the narrative on recession, inflation and rates
Steve Ellis, Anna Stupnystka and Rosanna Burcheri compare where they diverge from the consensus views on recession risk and monetary policy.
Central banks fighting yesterday’s battles as credit crunch looms
Central banks fighting yesterday’s battles as credit crunch looms
Rich Pickings podcast: Preparing portfolios for climate risk
What impact will climate change have on portfolios?
Chart Room: What 80 years of data (and 11 recessions) say about today’s macro outlook
Historically, a tightening in financial conditions like the one that we have seen over the last year invariably led to a recession.
A hawkish ECB stays the course despite market turmoil
The ECB stuck to its 50 basis point hike despite financial stability concerns. Tightening credit could hit the real economy earlier, and harder, than expected.
Rich Pickings podcast: Looking for cracks in the system after SVB
After the collapse of Silicon Valley Bank, Richard Edgar is joined by some of Fidelity's experts to discuss the fallout.
Rich Pickings podcast: Your questions answered
Fidelity experts answer listeners investment questions for this festive special of Rich Pickings.
ECB rates stance raises risks of financial instability for 2023
If the ECB matches its hawkish rhetoric with policy action, concerns about the bloc's periphery may return, adding to concerns for investors next year.
Rich Pickings podcast: Keeping cool heads in volatile times
Portfolio Managers Charlotte Harington and Ian Fishwick join Richard Edgar to discuss what investors can do in these times of turmoil.
Europe’s unequal gas demand destruction
Europe is already reducing energy demand in response to record high prices. While shortages appear unlikely this winter, next year could be a different story.
Rich Pickings podcast: Where next for consumers and a download from Silicon Valley
Fresh from Silicon Valley, Hyun Ho Sohn and Jonathan Tseng join Richard Edgar to discuss how the tech sector is faring.
Rich Pickings podcast: 'The rules of the game have changed'
'The rules of the game have changed,' how should investors recalibrate for this new phase in markets?
Rich Pickings podcast: Central bank watch - planning for policy shifts
We hear from some of Fidelity's keenest central bank watchers about the policy moves they're expecting in 2022.
Disorderly transition remains likely, despite COP pledges
A divergent net-zero trajectory seems to be taking shape, with countries adopting different approaches.
Rich Pickings podcast: Catch 2022 - what's in store for the year ahead
"I don't think central banks are going to have the capacity to raise interest rates to the extent that's [being] priced in," says Fixed Income CIO Steve Ellis.
The Fed finds flexibility in QE tapering
The Fed finds flexibility in QE tapering timeline
Rich Pickings podcast: The uncomfortable trade
A reckoning in China, a debt ceiling in the US, soaring energy prices in Europe: we gather the experts to help make sense of it all.
Planetary risk: Mapping climate pathways to macro and strategic asset allocation
Climate change, and the drive to reduce carbon emissions, must be incorporated into long-term capital market assumptions for complete picture of returns.
Planetary risk: Mapping climate pathways to macro and strategic asset allocation
A paper introducing the main points of consideration for integrating climate change outcomes into capital market assumptions.
June's Rich Pickings podcast: Where next for inflation
"The market will wonder: is The Fed talking more aggressively but actually still way behind the curve?" says CIO Andrew McCaffery in June's Rich Pickings.
Rich Pickings: The Analyst Survey episode
The results are in for Fidelity's annual Analyst Survey. We pick apart the key findings to discover what our sector experts expect for the year ahead.
January's Rich Pickings podcast: The big vaccine rollout episode
"China's rebound is like watching a movie," says Portfolio Manager Amit Lodha in January's Rich Pickings.
November's Rich Pickings: Outlook 2021
Fidelity's chief investment officers discuss the paths they're taking in the year ahead.
Macro view 2021: Debt, the elephant in the room
As policymakers and investors grapple with their new reality, the elephant in the room they’ll have to confront will be how to manage the heavy public debt.
US election outcomes: Implications for growth and policy
US election Outcomes: Implications for growth and policy
ECB signals further stimulus as double dip recession chances spike
Despite taking no action at the October meeting, the European Central Bank (ECB) laid the groundwork for further easing at its next meeting in December.
The inflation puzzle and how to tackle it
Will inflation return despite dis-inflationary forces?
September's Rich Pickings podcast: Allocating for recovery
"The market is underestimating inflation. Reduce duration and look for income," says Chief Investment Officer Steve Ellis, in this month's Rich Pickings.
Near-zero rates expected through 2023 amid Fed concern about the economy
Fed offers forward guidance following shift in inflation targeting framework.
Fed resets framework for greater flexibility
Rates likely to remain low even if inflation moderately overshoots target.
July's Rich Pickings podcast: Beware the consensus - what the US election means for investors
"There are more similarities between Trump and Biden than people realise," says Portfolio Manager Aditya Khowala in this month's Rich Pickings.
Fidelity live: CIOs webcast replay
As the world emerges from lockdown, hear our CIOs discuss their outlook for the next quarter and beyond.
Fidelity CIO Outlook Q3: Nearing the limit
Markets will struggle to surpass second quarter rebound.
Landmark EU deal may lead to better economic outcomes
EU Recovery Fund marks new chapter for Union.
Macroeconomic update: Taking the elevator down and the stairs back up
We have downgraded our 2020 growth numbers for all three scenarios, across both developed markets and emerging markets.
June's Rich Pickings podcast: Know your enemy
"The anaesthetist has shown up to give morphine [to the global economy] but the doctor's still not shown up to do surgery," says Portfolio Manager Amit Lodha.
BoE will need to act again, with negative rates still a possibility
The Bank boosted its QE by £100bn
Inflation outlook: Disinflation for now, but future depends on policy choices
Inflation outlook: Disinflation for now, but future depends on policy choices
Fed in a holding pattern, for now
Trajectory of the recovery remains uncertain despite better employment figures in May.
ECB pleases markets with additional €600bn stimulus
The central bank has increased the size of its pandemic stimulus package to €1.35 trillion
May's Rich Pickings podcast: The case against inflation
Why inflation will be some way off - and how portfolios are being adjusted as the old rules are torn up.
Macro briefing: German court ruling may reduce ECB firepower
The German court ruling poses long-term risks to ECB's flexibility
The New Economic Order
We believe the Covid-19 crisis will trigger a step-change in policy, accelerate existing trends and transform investment frameworks.
ECB: Whatever it takes, a thousand times over
ECB introduces pandemic emergency refinancing operations.
Fed holds fire for now, but ready for further action
The Fed Reserve made it clear that it is prepared to intervene further if required
Fidelity CIO: Possible economic scenarios
Challenges lie ahead for the global economy.
Macro briefing: Heavyweight policies launched but more may be required
Macro briefing: Heavyweight policies launched but more may be required
Massive US fiscal package needs effective implementation
A rescue package for ‘Main Street’ has been agreed. This far-reaching deal unlocks funds to support the US economy, but implementation is crucial.
Fed unleashes unprecedented QE, but unclear if Congress will act soon enough
The Fed has launched QE infinity, committing to unlimited purchases of government bonds and mortgage backed securities.
Recession is here - how bad will it be?
Recession is here - how bad will it be?
ECB: Not another “whatever it takes” moment, but a smart move nonetheless
The ECB unveiled a targeted stimulus package but kept rates unchanged.
UK Treasury and BOE unveil ‘comprehensive’ stimulus package to combat virus effects
BOE and Treasury action on the same day signals the policymakers’ preparedness to respond.
Your move, governments
Markets are reacting to two shocks in one day: an oil price drop and coronavirus risk. They form a clear catalyst for fiscal policy action.
Fed's emergency cut is a strong signal to markets
The US Federal Reserve has issued an emergency 50bps cut to allay coronavirus fears ahead of its monetary policy meeting in March.
Coronavirus: will there be a global recession?
Market expectations of intervention remain high.
February's Rich Pickings podcast: Coronavirus - the view from China
"Unorthodox policy may have to meet an unorthodox situation," says head of fixed income in Asia, Bryan Collins, in this month's Rich Pickings.
Coronavirus: the impact on our global economic outlook
Global growth shock in a world of limited policy tools.
The Fed remains firmly on hold
The overall message at the US Federal Reserve’s May meeting was clear and simple - it is firmly on hold for now.
Data is helping to identify the diversity strategies that work
The approach to diversity is starting to shift away from random, box-ticking initiatives to a systematic, increasingly sophisticated, evidence-based journey.
The ECB plays ‘wait and see’
The European Central Bank kept policy unchanged at its April meeting, and reverted back to 'wait and see' mode
April's Rich Pickings podcast: Arrivederci euro?
"The markets are yet to catch up with reality," says Head of Global Macro Economics and Investment Strategy, Anna Stupnytska.
Why the Fed pivoted and what happens next
The Fed's dovish tone might not last for long.
The Fed's message is solidly dovish; for now
The Fed stuck to its solidly dovish message in March, in line with market expectations. However, it risks leaving itself little room for manoeuvre.
ECB startles with dovish move
The central bank kept rates on hold and unveiled new cheap funding measures to boost the faltering Eurozone economy.
Macro slowdown clashes with market optimism
The disconnect between economic fundamentals and markets is unlikely to be sustainable in the short term.
Will the change in message come back to haunt the Fed?
The Fed's dovish message was a remarkable shift, and likely unnecessary as not much has changed over the past few weeks in terms of the economic outlook.
Brexit vote: Next steps
What next for Brexit after Prime Minister Theresa May's historic defeat?
Choose your own adventure: China’s economic destiny
What does it mean for the rest of the world if in a decade's time China becomes the preeminent economic superpower, or gets stuck in the middle-income trap?
Challenging consensus: market fears of a US recession may be overdone
Markets may be overly pessimistic over an imminent US recession given the recent uptick in real wages.
Fed delivers a hawkish surprise, with dovish elements
Fed delivers a hawkish surprise, with dovish elements
Price moderation is an encouraging sign in the global housing market
Price moderation in some overvalued housing markets is an encouraging sign, as it is due mostly to supply-side policy measures rather than weakness in demand.
What to expect from the US midterm elections: Macroeconomic and market implications
Fidelity's cross-asset scenario analysis on potential outcomes from the US midterm elections assesses the macroeconomic and market implications.
Further Fed tightening could prove too much for the rest of the world
The Fed will have to strike a more cautious tone, slowing the pace of tightening next year - but we are not there yet.
Changing world, changing risks
Investors need to be braced for a potential shift in market leadership. Will the end of the current cycle will be as peculiar as the rally that preceded it?
Global growth: running out of steam
Global growth, which has been led by the US, is losing momentum, while China is also cooling.
August's Rich Pickings podcast: Could Turkey's turmoils travel?
Is the Turkey crisis isolated or systemic? And if it does spread, where do Fidelity's asset allocators think its effects will be most significant?
No surprises as the Fed sticks to the plan, for now
There were no surprises as the Fed stuck to the plan, and for good reason: data is strong and inflation on track.
The ECB’s monetary policy is needlessly loose
The European Central Bank’s (ECB) unnecessarily loose monetary policy may leave it out of options when the next downturn comes.
July's Rich Pickings podcast: Grit in the system risks unravelling of global economy
Fidelity's Asset Allocation Group meet to discuss their positioning this month, hard-to-read market sentiment, and the growing seriousness of a trade war.
The changing nature of inflation
What does lower inflation for longer mean for the future dynamics of inflation indicators
What are the signs? The evidence for and against a looming correction
Stretched valuations, peaking indicators, and central bankers starting to withdraw liquidity. Are we running out of road?
Easy days could soon be over: central bank policy normalisation
Easy monetary policy could soon be over, with huge consequences for debt, asset prices, inflation and much else.
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