Search Results for: policy rate

Weekly Energy Flows Energy funds are facing substantial outflows, driven by investor concerns over growth and policy uncertainties. Image: BofA Global Investment Strategy

U.S. Inflation – Core PCE and Core CPI Inflation is trending downward towards the Fed’s 2% target, a crucial aspect of its monetary policy aimed at maintaining price stability and anchoring inflation expectations at a moderate level. Image: BofA Global Research

Survey – Credit Investors: What Are Your Biggest Concerns? The 2024 U.S. election outcome could significantly impact fiscal policy, debt, interest rates, inflation, and economic growth, which are key concerns for U.S. credit investors. Image: BofA Credit Investor Survey

U.S. Federal Government Fiscal Balance Running deficits over an extended period of time is not a sustainable fiscal policy. Image: BofA Global Investment Strategy

Central Bank – BOJ Outright Purchases of JGBs Will the Bank of Japan (BOJ) continue to buy Japanese government bonds as part of its yield curve control policy? Image: BofA Global Investment Strategy

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

S&P 500 Real Earnings Yield Historically, negative real earnings yields tend to be bearish for U.S. stocks due to policy response. Image: BofA Global Investment Strategy

Percentage of Time Inflation Below the Central Bank’s Target Is inflation targeting by central banks an effective monetary policy strategy? Image: Deutsche Bank

Fed Funds vs. Employment/Population + Inflation This chart suggests the optimal monetary policy, while Fed officials do not anticipate any rate hikes until 2022. Image: Oxford Economics

U.S. 10-Year Note Yields: Explaining Rolling Three-Month Changes Chart suggesting that U.S. policy uncertainty and Fed committing to low rates explain U.S. 10-year Treasury note yield. Image: Arbor Research & Trading LLC

U.S. Business Cycle: Actual vs. Potential U.S. Real GDP The mature phase of the U.S. business cycle began 2 years ago. If inflation remains stable and the Fed avoids restrictive monetary policy, then the risk of recession is reduced. Image: NBF Economics and Strategy