Policy Rates in Japan, in Europe and the U.S.
Policy Rates in Japan, in Europe and the U.S. Are ultra-low interest rates here to stay? Image: BofA Global Investment Strategy
Policy Rates in Japan, in Europe and the U.S. Are ultra-low interest rates here to stay? Image: BofA Global Investment Strategy
7y1y Fed Policy Rate and U.S. 10-Year Treasury Yield BofA still expects U.S. 10-year rates to reach 1.9% by the end of the year, but downside risks have increased. Image: BofA Global Research
Interest Rates – Policy Rate Cut vs. Policy Rate Hiked Global rate hikes are increasing. Should investors expect more rate hikes to come? Image: Bloomberg
Fed – Policymaker’s Projections for the Midpoint of U.S. Interest Rates The Fed forecasts first rate hikes in 2023. Image: Financial Times
Potential Impact of Biden-Harris Policy Agenda on S&P 500 EPS The S&P 500 EPS forecast depends on fiscal stimulus and corporate tax reform. Image: Goldman Sachs Global Investment Research
Fiscal Policy Easing Response to Coronavirus Crisis The U.S. fiscal response to the coronavirus crisis is massive. Image: Goldman Sachs Global Investment Research
Interest Rates – Market-Implied Probability of Negative Policy Rate 1 Year Ahead Negative interest rates in the US and the UK ahead? Option markets point to elevated probabilities. Image: Goldman Sachs Global Investment Research
Fiscal and Monetary Policy – S&P 500 Real Total Return vs. the Fed Balance Sheet This chart shows the S&P 500 Real Total Return vs. the Fed balance sheet since 1937. Image: Fidelity Investments
Fiscal Policy – U.S. Fiscal Response to Coronavirus and Global Financial Crisis This chart puts into perspective the massive U.S. fiscal response to the coronavirus pandemic in 2020. Image: Goldman Sachs Global Investment Research
Fiscal Policy – Discretionary Fiscal Easing in Response to Coronavirus Crisis This chart puts into perspective the U.S. fiscal stimulus relative to other countries. Image: Goldman Sachs Global Investment Research
U.S. Economic Policy Uncertainty Index High policy uncertainty can lead to recessions. Currently, U.S. economic policy uncertainty is higher than during the financial crisis. Image: Deutsche Bank Asset Allocation