In the April edition of Quincy Krosby's Q2 market commentary, Prudential's chief market strategist details how quickly and forcefully we have transitioned from “a good place” in terms of the economy and monetary policy into the surreal world of a global economic shutdown.
With the markets in turmoil, Nathan Sheets, former U.S. undersecretary of the Treasury for International Affairs and current chief economist at PGIM Fixed Income, answered 10 questions about what the coronavirus could mean for the global economy.
PGIM Real Estate identifies four key global trends that are set to have a significant aggregate impact, and ten region-specific trends that reflect opportunities to benefit from diversification by strategy and geography.
What’s to blame for moving markets in one direction or another? Trade negotiations? An attack on Saudi Arabia’s oil refining infrastructure and heightened geopolitical/military risk in the region? The efficacy of the latest round of global central bank accommodation? An impeachment inquiry? Earnings reports? Call it “all of the above.”
The Federal Reserve again nudged the Fed funds rate target down another 25 basis points to 1.75%-2.0% in its latest policy meeting. In a sign of just how divided the Fed is over the appropriate policy stance, however, three FOMC members dissented from the decision.
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