Mellon Webex Series: Quarterly Economic and Market Observations
In this quarterly update on economics and financial markets, Chief Economist Vincent Reinhart explains his global economic outlook. Specifically, global manufacturing is in recession because of heightened uncertainty about trade policy. However, the US is relatively better positioned because trade policy matters less to us than to our trading partners. As a result, the Federal Reserve needs to ease less than commonly believed in order to support sustained economic expansion and return inflation to its 2 percent goal, which has significant consequences for many important asset classes.