December 14, 2018
Subject | 2019 Investment Outlook Series | Institutional | Invesco | Macro views
- 2018 has been a year of turmoil, but, 2019 promises to be much calmer, in my view.
- I believe the Federal Reserve should be successful in positioning the US economy for several more years of expansion.
- Monetary policy invariably dominates fiscal policy in the determination of inflation
2018 has been a year of turmoil with weakness in the bond markets and two significant sell-offs in equity markets. In between there were crises in Venezuela, Argentina and Turkey; ongoing Brexit negotiations; a strong rise in the price of oil; and disruptions created by US President Donald’s Trump’s repeated trade measures — all set against a backdrop normalising US interest rates. However, 2019 promises to be much calmer, in my view.Leave a comment