|VIDEO: Hear where Tipp sees moderate market improvements |
Growth in the U.S. to remain moderate in 2013Last year's markets proved to be quite eventful, says Robert Tipp, chief investment strategist for Prudential Fixed Income, and significant policy events in the U.S., such as the Fed's asset purchase program, had important impacts on fixed income.
In 2013, while normally there would be upward pressure on interest rates as the economy improves, Tipp expects growth in the U.S. to remain moderate, with only some improvements taking shape, most notably in the residential real estate market. He further cautions growth may be dampened with deleveraging, fiscal retrenchment, higher taxes and cuts in spending.
"The strong demand we saw in the markets in 2012, to a large extent, is expected to continue in 2013," Tipp says, with pension funds, central banks and individuals likely to remain big buyers of fixed income.
Interested in more information? Watch Robert's outlook video from Prudential's 2013 Economic and Retirement Market Outlook. Want to speak with Robert? Contact Theresa Miller.