Fed to reassess policy easing speed and timing;
New policies could stimulate short term US growth;
Europe balancing fiscal rules with productivity investments;
China signals expansionary measures amid tariff concerns.
Finally, markets have the signpost that Chinese policymakers would like to conduct broad easing.
We think under Trump 2.0, increased stimulus is a better way than trade retaliations or currency devaluation.
We expect 50 basis points policy rate cuts in the first half of 2025 and additional fiscal spending in 2025.
After Trump victory, all eyes on inflation
Staying flexibile in fixed income
Diversifying towards attractive segments in equities
EM are home to many divergent stories
Balancing yield and quality in credit
Unless otherwise stated, all information contained in this document is from Amundi Asset Management S.A.S. and is as of 08 May 2024. Diversification does not guarantee a profit or protect against a loss. The views expressed regarding market and economic trends are those of the author and not necessarily Amundi Asset Management S.A.S. and are subject to change at any time based on market and other conditions, and there can be no assurance that countries, markets or sectors will perform as expected. These views should not be relied upon as investment advice, a security recommendation, or as an indication of trading for any Amundi product. This material does not constitute an offer or solicitation to buy or sell any security, fund units or services. Investment involves risks, including market, political, liquidity and currency risks. Past performance is not a guarantee or indicative of future results.
Date of first use: 1 July 2024
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