Fostering positive change through investments: Generali leverages its role as a key global institutional investor and asset manager to apply strict ESG (Environmental, Social and Governance) criteria to the Group’s investments.
As expected the Fed cut rates by 25 bps. However, the subsiding of political risks has convinced the Fed to pause easying.
The moderate growth outlook is confirmed as well as that of inflation very gradually converging to the 2% target. The (tentative) softening in global uncertainty has reduced the downside risks to this outlook, which motivated the series of rates cuts.
After this hawkish twist, the cut we penciled in for December is likely be moved into Q1 2020, as we expect by then a more pronounced slowdown of the economy.
Download the full publication below
THE FED CUTS RATES, BUT FURTHER EASYING REQUIRES A DEEPER SLOWDOWN.
The Fed cuts rates, but further easying requires a deeper slowdown.
In Short
Highlights:
Download the full publication below
Also interesting
The Spotlight ǀ The Aperture New World Opportunities Fund – two years on
China’s Q1 GDP growth: Strong year-on-year growth amid weak momentum
COVID-19 UPDATE Facts & Figures