Commentary

From Hurting to Healing

Our baseline economic forecast is a U-shaped global recovery, but substantial unknowns remain.

Commentary

Economic Fallout: Here Comes Congress!

The $2.2 trillion stimulus is the biggest ever, but Congress will likely be forced to do even more.

Commentary

Making Sense of the Move in Munis

Liquidity could remain challenged, but valuations may be attractive for long-term investors.

Commentary

In Europe the Crisis Policy Response Is Substantial, But More Is Likely Needed

The conditions for a relatively quick and robust rebound rest on the success in containing the virus within a reasonable horizon, and a well-calibrated economic policy response.

Commentary

The Fed: Avoiding a Depression

The Fed’s aggressive support may help keep markets functioning, hasten recovery and avoid longer-term damage.

Commentary

All Asset All Access, March 2020

Research Affiliates assesses the potential impact of COVID-19 on economies and investments, and what it means for the All Asset strategies.

Commentary

Economic Fallout: Here Comes Congress?

A bolder fiscal response to the rapidly spreading coronavirus has become an economic and political imperative.

Commentary

Policymakers: Pulling Out All The Stops

Governments and central banks have started to respond more forcefully to the health crisis, enacting policy in an effort to limit long-term damage to the global economy.

Commentary

ECB Review: Fiscal First and Foremost

The European Central Bank (ECB) didn’t follow other major central banks and refrained from cutting interest rates in response to the coronavirus outbreak. This signals a shift in the central bank’s preferred policy tools – read more.

Commentary

Fed Takes Action to Bolster Treasury Market Functioning

The Fed announced two actions Thursday in response to stress in the market for U.S. Treasuries.

Commentary

Oil Prices: Lower for Longer

As the oil surplus builds, we expect U.S. crude oil to linger at $30-$40 per barrel for the next several months.

Commentary

Fiscal and Monetary Together

The Bank of England and the British government both announced easing measures to counter the effects of the coronavirus on the economy – how effective can we expect these measures to be?

Commentary

When Rate Cuts and Quantitative Easing Fall Flat

Fed rate cuts may be less effective at boosting the economy or markets as societies grapple with the spread of COVID-19, but other policy measures may help.

Commentary

Economic Outlook Update: ILU Trajectories

Global growth could follow a U-shaped path over the next few quarters, though substantial uncertainty remains as policymakers grapple with the impact of the coronavirus.

Commentary

Momentum Favors Biden for Democratic Nomination, But the Race Isn’t Over

Senator Joe Biden is the current front-runner in a two-person race for the Democratic nomination, but upcoming state contests are crucial.