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Steve Ellis
Article 2 min read

The Fed’s dilemma in three charts

The risk that the Fed will go too far in trying to bring inflation under control is becoming more acute.

Steve Ellis + 1 other | 30 September 2022

Richard Edgar
Podcast 34 min listen

Rich Pickings podcast: Where next for the UK?

Four of Fidelity's investment team join Richard Edgar to discuss where next for the UK after a week of market turmoil.

Richard Edgar + 5 others | 30 September 2022

Steve Ellis
Podcast 16 min listen

Fed hike: What you're missing from the inflation narrative

Fidelity's Chief Investment Officer for Fixed Income Steve Ellis shares his views on the unexpected consequences of the Federal Reserve's rate hike cycle.

Steve Ellis + 3 others | 23 September 2022

Fidelity International Global Macro & Asset Allocation Team
Article 2 min read

Fed matches hawkish rhetoric with hawkish action

Fed matches hawkish rhetoric with hawkish action

Fidelity International Global Macro & Asset Allocation Team
Article 1 min read

Chair Powell bares his inflation teeth

Fed Chair Jerome Powell warns against loosening monetary policy early, noting that interest rates will have to keep rising to bring inflation under control.

Fidelity International Global Macro & Asset Allocation Team
Article 1 min read

A dovish hike but Fed may be forced to do more

A dovish hike but Fed may be forced to do more as labour market remains strong

Fidelity International Global Macro & Asset Allocation Team
Article 2 min read

Fed delivers on the hint - hard landing risks have risen

The Fed delivered on hint to raise rates by 75bp to bring down inflation. We see increased risks of a hard landing and remain cautious on equities and credit.

Andrew McCaffery
Podcast 25 min listen

CIO podcast: Growth risks and the safe harbours for portfolios

Richard Edgar speaks to Fidelity's Global Chief Investment Officer Andrew McCaffery about growth risks and safe harbours for portfolios.

Andrew McCaffery + 2 others | 16 May 2022

Miyuki Kashima
Article 3 min read

Now and zen: Japan’s quiet rise

Inflation may be a scourge elsewhere, but Japan is unruffled. Instead, the world’s third-largest economy is showcasing its appeal to investors.

Miyuki Kashima + 1 other | 15 May 2022

Fidelity International Global Macro & Asset Allocation Team
Article 3 min read

50, not 75, is the new 25 - Temporary relief or start of a pivot?

While the Fed will likely hike less than market expectations, we expect the hawkish stance to remain for now.

Andrew McCaffery
Podcast 14 min listen

CIO podcast: The questions investors have on China, Ukraine, and Fed rates

"The market feels that the trajectory of rate rises actually increases the risk of [...] recession," says Global CIO Andrew McCaffery.

Andrew McCaffery + 2 others | 18 March 2022

Fidelity International Global Macro & Asset Allocation Team
Blog 2 min read

Chart Room: Fingers in the punch bowl

Central bankers seeking to deploy rate hikes against inflation risk collateral damage as tighter policy threatens already swollen debt servicing costs.

Andrew McCaffery
Podcast 13 min listen

CIO podcast: Why the Fed won't be so hawkish

Global Chief Investment Officer Andrew McCaffery on the outlook for central banks

Andrew McCaffery + 2 others | 24 January 2022

Ben Traynor
Blog 3 min read

Chart Room: 2021’s long goodbye to transitory inflation

Five charts that show the inflationary impact of 2021’s reopening cycle

Ben Traynor | 16 December 2021

Fidelity International Global Macro & Asset Allocation Team
Article 2 min read

Hawkish Fed enters 2022 with a catch

Three rate hikes in 2022 could be a challenge.

Anna Stupnytska
Blog 2 min read

The Fed finds flexibility in QE tapering

The Fed finds flexibility in QE tapering timeline

Anna Stupnytska | 3 November 2021

Fidelity International Global Macro & Asset Allocation Team
Article 2 min read

Fed signals a fast taper as 2022 becomes the new lift-off battleground

Fed signals a fast taper as 2022 becomes the new lift-off battleground

Fidelity International Global Macro & Asset Allocation Team
Blog 2 min read

Fed disconnects timelines for tapering and rate rises

At the annual Jackson Hole Symposium, Federal Reserve chairman Powell confirmed that the test of "substantial further progress" on inflation has now been met.

Salman Ahmed
Blog 2 min read

Policy credibility remains key macro risk following hawkish Fed meeting

Chair Powell says Fed is considering beginning discussions on tapering.

Salman Ahmed | 17 June 2021

Salman Ahmed
Article 2 min read

Fed acknowledges change in reaction function

Fed reiterates guidance and maintains asset purchase programme, despite a significant upgrade to growth and inflation projections.

Salman Ahmed | 17 March 2021

Salman Ahmed
Blog 4 min read

US election outcomes: Implications for growth and policy

US election Outcomes: Implications for growth and policy

Salman Ahmed + 1 other | 4 November 2020

Charlotte Harington
Blog 3 min read

Swinging 60s inflation pattern due a comeback

The years between 1964-75, a time of fiscal expansion and low rates, shows why inflation might come back faster than some think.

Charlotte Harington | 7 October 2020

Anna Stupnytska
Blog 2 min read

Near-zero rates expected through 2023 amid Fed concern about the economy

Fed offers forward guidance following shift in inflation targeting framework.

Anna Stupnytska | 16 September 2020

Anna Stupnytska
Blog 2 min read

Fed resets framework for greater flexibility

Rates likely to remain low even if inflation moderately overshoots target.

Anna Stupnytska | 27 August 2020

Anna Stupnytska
Blog 1 min read

Fed in a holding pattern, for now

Trajectory of the recovery remains uncertain despite better employment figures in May.

Anna Stupnytska | 10 June 2020

Andrew McCaffery
Blog 4 min read

Fidelity CIOs: Effects of monetary explosion

The sheer scale of central bank action could store up problems for the future.

Andrew McCaffery + 1 other | 20 May 2020

Raji Menon
Blog 2 min read

Macro briefing: More stimulus expected, but will it be enough?

New figures show that more than 2.9 million workers applied for unemployment benefits, taking the total count to 36.5 million applications in two months.

Raji Menon | 14 May 2020

Wen-Wen Lindroth
Article 3 min read

Fed prolongs expansion for those left behind

Fed funds rate remains unchanged amid strong labour market.

Wen-Wen Lindroth + 1 other | 29 January 2020

Peter Khan
Blog 3 min read

Further Fed easing could create opportunities in credit

As the Fed eases, credit investors should prepare for widening spreads that offer better entry points, increasing their odds of producing excess returns.

Peter Khan | 17 October 2019

Tim Foster
Blog 3 min read

Fed cuts by another 25 bps, but a cut doesn't cut it anymore

The 25 bps rate cut was widely expected, so markets should be relatively unmoved.

Tim Foster | 18 September 2019

Tom Ackermans
Blog 1 min read

Fed opens the door to a further reduction as it makes 25 bps 'insurance' cut

After hiking nine times in the past four years, the Fed has reversed course

Tom Ackermans | 31 July 2019

Bill McQuaker
Blog 2 min read

Central banks keep the show on the road, for now

Equity and bond markets don’t agree on what we should expect for the second half of the year. How should investors position in light of these mixed signals?

Bill McQuaker | 26 June 2019

Ian Samson
Blog 2 min read

EM outlook: For China and the Fed, old habits die hard

China and the US Federal Reserve are falling back on old habits, which should provide some desperately-needed comfort to emerging markets.

Ian Samson | 30 April 2019

Ian Samson
Blog 2 min read

EM outlook: Easier conditions, tougher growth

After a challenging end to last year, the start of 2019 has brought some tentative stability to emerging markets. But it is too early to issue the all-clear.

Ian Samson | 8 April 2019

Anna Stupnytska
Article 1 min read

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.

Anna Stupnytska | 20 March 2019

Anna Stupnytska
Blog 2 min read

Fed delivers a hawkish surprise, with dovish elements

Fed delivers a hawkish surprise, with dovish elements

Anna Stupnytska | 19 December 2018

Ian Samson
Blog 3 min read

EM Outlook: It’s been a long time coming, but a change is going to come

Risks remain to the downside for emerging markets due to China’s slowing growth and toughening global conditions.

Ian Samson | 28 November 2018

Ian Samson
Blog 3 min read

Emerging Markets outlook: Not out of the woods

Despite better data in June, the Fidelity Leading Indicator remains negative, especially in key EM-sensitive areas like global trade and commodities.

Ian Samson | 19 July 2018

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