The European Central Bank (ECB) has started unwinding its largest quantitative policy measure on..

Macro Strategies, Sovereign Research

One year after Russia’s invasion of Ukraine, we fear the prospects of peace remain remote and that..

Macro Strategies, Sovereign Research, Market Outlook

The Chinese government has quickly changed course. After months of enforcing a zero-COVID-19..

Macro Strategies, Sovereign Research, COVID-19

We believe the likelihood of a recession starting in 2023 has been increasing. While the Federal..

Macro Strategies, Sovereign Research, Market Outlook, Infographic

The rate and currency shocks in the United Kingdom this week have caused some market participants..

Macro Strategies, Sovereign Research, Central Banks

Global growth has been losing momentum and is expected to continue slowing toward or below trend...

Macro Strategies, Sovereign Research, Market Outlook, Infographic