Search Results for: policy

Global Monetary Policy Map This chart shows that in 2019, central banks cut rates by most in a decade. Picture source: Topdown Charts

Central Banks – Global Monetary Policy Stimulus Leads Global Manufacturing PMI Great chart suggesting that global monetary policy stimulus leads global manufacturing PMI by 8 months. The global manufacturing PMI could rebound in 2020. Picture source: Topdown Charts

Developed Country Policy Rates Above the United States Look for the mistake: the number of countries with a policy rate above the U.S. is zero. Picture source: Bianco Research

U.S. Equity Volatility and Global Economic Policy Uncertainty The chart shows that U.S. equity volatility does not mirror global economic policy uncertainty since 2009, perhaps due to strong central bank support. Picture source: Pictet Wealth Management

G4 Central Banks Monetary Policy Rate If the trend in G4 central banks monetary policy rates continues, this chart suggests that we could see -4% in 2030. Picture source: Nordea and Macrobond

U.S. Monetary Policy and Recession This chart shows the U.S. monetary policy and two recession forecasting models over time (Fed policy rate, Atlanta Fed shadow Fed funds rate, nominal R-Star, Fed funds curve). Picture source: Fidelity Investments

A Hall of Mirrors in Monetary Policy? This chart suggests a feedback loop between bond market pricing and central bank decisions. Picture source: Goldman Sachs Global Investment Research

Economic Policy Uncertainty vs. Central Bank Uncertainty Economic policy uncertainty is at record highs, while Central Bank uncertainty is at record lows. Picture source: BofA Merrill Lynch

Wage Growth, Monetary Policy and S&P 500 When the spread between wage growth and the Fed funds rate is wide, it is generally positive for equities. Picture source: Topdown Charts

GDP Weighted Global Central Bank Policy Rate vs. Global PMI This chart suggests that global policy rates are too tight compared to global PMI in contraction mode. Picture source: Pervalle Global