Greetings,
The United States: The FOMC revised down its GDP growth forecasts while raising inflation projections.
The market now anticipates 66 bps of rate cuts this year, suggesting the possibility of three reductions.
Equities: So far, Wednesdays have been bullish this year.
The S&P 500 has pulled back from recent highs, but unlike December, breadth has remained more resilient despite price weakness.
Europe: The European Trade Policy Uncertainty Index is significantly lower than its US counterpart.
Emerging Markets: The Turkish lira tumbled this week as hopes for the nation’s democracy were shattered.
Asia-Pacific: New Zealand emerged from a technical recession in Q4.
Food for Thought: Pandemic’s lasting impact reflected in economic and social trends:
Edited by William Villacis
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