The September 2021 edition of Numera’s US Macro Stategist (formerly Monitor) focuses on Fed policy, exploring the financial market implications of Fed tapering and the likelihood of a tightening cycle. We find that multiple rate hikes remains unlikely, continuing to support equity returns even as long-term yields pick up.
The August 2021 edition of Numera’s US Macro Monitor investigates the economic and financial market implications of the bi-partisan Infrastructure and Jobs Act (IIJA). We find that the IIJA could lift US GDP by around 0.5%, and improve the relative appeal of equities versus fixed income holdings.