Insight
Macro Matters
In this monthly series, we take a quick, comprehensive look at current macroeconomic themes that matter to clients.
Key takeaways
- Although forward-looking U.S. growth indicators have receded since January, they still project a strong 2.8% growth rate. Outside the U.S., Europe and China have struggled.
- Regarding inflation, the U.S. could see it slowly decline over the summer, Europe is making progress on bringing it down, and China is struggling with deflation.
- Expectations for interest rate cuts have corrected since January in the U.S. and international developed markets.