Bond markets have been supported by some market-friendly data and while Fed speakers were again mixed, it was the more dovish remarks that captured attention.
November 16, 2017
The Forward View – Global: November 2017
Advanced economies to drive lift to above trend global growth.
Overview:
- Global upturn continues, with growth next year set to just beat its long-term trend.
- Inflation remains subdued and financial markets calm, little need for aggressive central bank moves on policy.
- Market volatility and economic policy uncertainty both fade as probability of severe “tail risk” events marked lower.
- Big Pacific rim metro areas display similar housing affordability problems as their list of $ million plus suburbs grows
For further details, please see the attached document.
