U.S. Fed Funds Target Rate

U.S. Fed Funds Target Rate While “panic rate cuts” have historically been associated with negative market outcomes, the current context suggests that Wall Street may be embracing these cuts as necessary adjustments rather than signs of economic distress. Image: BofA Global Investment Strategy

Gold vs. 10-Year U.S. Real Rate

Gold vs. 10-Year U.S. Real Rate Gold tends to be negatively correlated with U.S. real interest rates. Is gold at risk of price decline? Image: Morgan Stanley Wealth Management

S&P 500 Forward EPS vs. Fed Funds Rate

S&P 500 Forward EPS vs. Fed Funds Rate When forward EPS growth goes negative, the Federal Reserve typically does not hike rates. Image: Morgan Stanley Research

Global Negative Yielding Debt

Global Negative Yielding Debt The transition from $18 trillion to zero in negative-yielding debt over the past few years reflects a broader shift away from the era of ultra-low interest rates and easy monetary policy. Image: BofA Global Investment Strategy