Insights

7 minute read

The Federal Reserve is poised to relaunch its rate-cutting cycle.

3 minute read

BLS overstated employment for the last 12 months by nearly 1 million jobs, a revision all but ensuring a rate cut.

8 minute read

Weak hiring in August augurs a Fed rate cut in September.

5 minute read

Trump’s pressure on the Fed notwithstanding, the money markets have much to celebrate.

6 minute read

Housing, office buildings and retail are all under stress.

3 minute read

Political pressures persist and markets assume the resumption of rate cuts

6 minute read

Not all points of the yield curve respond equally to Federal Reserve rate cuts.

4 minute read

Fed’s Powell opens door to rate cut in Jackson Hole symposium speech.

6 minute read

The Portfolio Construction Solutions team conducts portfolio analyses across hundreds of portfolios on an ongoing basis.

6 minute read

Is the rollback of electronic vehicle mandates and subsidies pro-consumer or anti-environment?

4 minute read

Cracks in the labor market were evident well before the most recent BLS jobs report.

6 minute read

Huge swing in trade in the second quarter skewed the data.

6 minute read

Trailing hard data catching up to yesterday’s soft data, even as today’s soft data signals rebound.

8 minute read

Weak July jobs report increases odds of a Fed rate cut.

4 minute read

Fed holds rates, and Chair Powell sidesteps President Trump's pressure.

3 minute read

High used car prices and low unemployment are positive for investors.

7 minute read

In the wake of the passing of Trump’s signature bill, reducing the federal debt requires out-of-the-box thinking. 

3 minute read

The unmet demand for credit in emerging markets creates compelling investment prospects. 

8 minute read

In bull markets, you don't sell rallies, but buy dips, with rotation more likely than correction.

4 minute read

Headline inflation rose and core slowed, while tariffs remain a wild card.

8 minute read

Chair Powell on the hot seat.

7 minute read

Stocks are on a tear, but investors may consolidate gains.

8 minute read

The strong labor report for June likely keeps the Fed on pause in July.

4 minute read

The Fed shouldn't want a softening housing market.

3 minute watch

A brief history of quantitative investing.

3 minute read

Facing criticism and uncertainty, Fed Chair Powell makes things worse by dismissing the SEP.

6 minute read

Stocks mount powerful rebound despite policy concerns.

4 minute read

Outside of tech, public capital markets remain robust.

4 minute read

Thanks to advances in computing power, today's quant is not the quant of old.

7 minute read

Sticking with our long-term bullish call on stocks.

6 minute read

AI: It's here. It's everywhere. What's next?

7 minute read

Central bank waiting for fiscal and geopolitical policy developments to unfold before cutting rates.  

6 minute read

Storm clouds on the horizon, but confidence is rebounding.

4 minute read

Most municipalities used Covid stimulus wisely and are prepared for cuts in federal funding.

3 minute read

President Javier Milei’s severe austerity package has helped tame the country’s chronic inflation crisis.

2 minute read

US tax bill could hike taxes of foreign holders of US assets.

5 minute read

Bond investors had plenty to consider during May as momentum shifted

2 minute watch

With peak tariff uncertainty behind us, we think stocks should grind higher.

6 minute read

Sticking with our 6,500 year-end S&P 500 forecast.

4 minute read

The question: Has Moody’s downgrade of the US credit rating impacted money market funds?

4 minute read

What’s bad for building new cars is good for ABS tied to auto loans and leases.

3 minute read

Treasury yields have cheapened amid the tumult, creating a tactical opportunity.

5 minute read

Just when it seemed certain that retail sales will plummet from strong March/April levels, consumer sentiment has surged.

7 minute read

Equity and fixed-income investors are responding differently to tariff and fiscal policy uncertainty.

5 minute read

The Portfolio Construction Solutions team conducts portfolio analyses across hundreds of portfolios on an ongoing basis.

3 minute read

Competing economic dynamics have made the European Central Bank’s work challenging. 

10 minute read

Stock market returning to normal sailing conditions as we emerge from the Straits.

5 minute read

Solid US economic data also helps as equities reverse their April freefall.

7 minute read

Import surge pushes first-quarter GDP into the red.

4 minute read

Many crosscurrents are affecting US rates

3 minute read

Trump's attacks make it harder for the Fed Chair to steer the economy through the storm.

3 minute read

But the US dollar's recent decline isn't a sign it will relinquish its status as the reserve currency. 

5 minute read

Trump's policy reversals buoy markets.  

3 minute read

Equity market neutral strategies offer potential for shelter amid volatility.

3 minute read

Creditors must weigh the benefits and risks of Trump's push for looser rules.

7 minute read

Should investors focus on solid hard data or weak soft data?

3 minute read

The sell-off and rebound don't mean investors can’t weather volatility.

10 minute read

Maintaining our moderate equity overweight as we slip past the reefs.

2 minute read

The stability of the money markets is shining amid the greater financial turbulence.

2 minute read

The bond market is a rational voice amid the panic caused by Trump’s tariffs.

7 minute read

Calculated well before the tariff announcement, the US added a robust 228,000 jobs in March. 

8 minute read

Adding to stocks, trusting the sailors.

3 minute read

Trump’s reciprocal tariffs are more aggressive than the markets were expecting.

4 minute read

Total US money fund assets push past $7 trillion.

4 minute read

Concern about Trump’s tariffs and sticky inflation seem to be deflating consumer confidence.

6 minute read

Bessent preaches short-term pain for long-term gains.

8 minute read

As a soft patch emerges, opportunity to add to stocks is getting closer.

6 minute read

Maybe the Fed’s not done cutting rates this year, after all.

5 minute read

How the emerging trade war might impact the US economy and equities.

1 minute read

Why a short-term economic soft patch should give way to a strong second half for markets. 

4 minute read

Market intervention should subside under the new SEC leadership.

6 minute read

Financial markets roiled by developments in D.C.

6 minute read

A near-term slowdown may be emerging, but the longer-term upside is keeping the bears at bay…so far.

2 minute watch

Investors are still drawn to liquidity products in the UK and EU despite the rate cuts.

4 minute read

DeepSeek drives China technology surge and broader market rally.

4 minute watch

There are many reasons why the Fed is likely to keep rates higher for longer.

6 minute read

On the back of solid holiday retail sales, January's were dismal.

4 minute read

A number of countries are seeing positive ratings trends.  

7 minute read

New year starts with hiring and wage growth.

10 minute read

Staying long-term positive through choppy waters.

3 minute read

For liquidity investors, the Fed decision to pause cuts matters more than Powell and Trump locking horns.

7 minute read

Revisions are possible due to inventory and trade data.

2 minute read

The factors that supported MBS last year are still in place.

7 minute read

Preparing for volatility while staying positioned for a positive long-term outcome.

6 minute read

Peak policy uncertainty.

3 minute watch

The effect on international equities might depend on some Trump policies.

5 minute read

Stocks playing catch-up with bond market sell-off.

5 minute read

Employment strength should keep Fed on the sidelines for some time. 

2 minute read

Three things to watch in 2025.

13 minute read

Potential surprises for the market in 2025 seem balanced; staying tilted toward stocks, with cash in reserve for a correction if it comes.

2 minute read

Three things to watch in 2025.

2 minute read

Three things to watch in 2025.

2 minute read

Three things to watch in 2025.

2 minute read

Home ownership is no longer accessible to many Americans.

6 minute read

As the Fed slows its pace, shoppers are increasing theirs.

2 minute read

A small number of people could have a large impact on the economy in 2025.

2 minute read

While it cut rates, uncertainty about Trump policies seem to give the Fed pause.

5 minute read

Moving more money out of Europe/Japan to US and emerging markets.

6 minute read

Since the election, consumer and business sentiment has improved.

6 minute read

Labor market rebounds from October weather and strikes.

3 minute read

Money market assets have reached a new mark.

6 minute read

Confidence high and stocks higher as election gives way to holidays.

4 minute read

Markets should rise toward 7,500 in 2026 as Trump’s growth agenda plays out and the chess game moves forward.

4 minute read

Will rising post-election confidence boost holiday sales?

6 minute read

A look at the impact Trump's potential policies might have on international markets. 

4 minute read

They may be coming, but their supposed benefits are a mirage.

5 minute read

Resurgent inflation and stronger growth render the Fed’s rate-cutting plans uncertain.

2 minute watch

The math of dividend investing is one that works out over years.

10 minute read

Deciphering the outlook will depend on understanding we are in a chess game.

3 minute read

Republicans closing in on 'Red Trifecta.'  

2 minute read

Federated Hermes CIOs react to the U.S. election.

7 minute read

Investors, voters and the Fed will likely look past the October jobs report distorted by hurricanes and strikes.

3 minute read

Noisy data and election uncertainty might slow Fed easing.

5 minute read

Monetary and fiscal policy are at the forefront of investors’ minds.

9 minute read

All five worries on the wall are fading as year-end approaches.

4 minute read

The implications for foreign policy could be far-reaching

2 minute watch

2025 will come with clarity on interest rates and politics.

7 minute read

Will Fed’s data dependency generate market volatility? 

4 minute read

With inflation at a 3-year low, the Bank of England might cut rates further by year-end.

2 minute read

Auto ABS delinquency and charge-off rates are rising, but fundamentals remain strong.

4 minute read

A strong quarter for bonds as a patient, diversified approach is rewarded

6 minute read

The bullish stock market seems to be overlooking deteriorating fundamentals.

3 minute read

MDT’s recently created Industry Moat factor helps identify under-appreciated companies. Here’s how it works in practice.

4 minute read

Investors look to third quarter results for guidance.

4 minute read

Frontier countries fuel emerging market debt

6 minute read

Remaining cautiously bullish as market grinds into fourth quarter.

2 minute read

Robust September jobs report supports view the economy is headed for rotation, not recession.

3 minute read

The brief dockworkers' strike re-kindled inflation concerns this week.

3 minute read

Homebuilding stocks are rising, and the housing market may be springing back too.

4 minute read

The longshoremen strike could have far-reaching consequences for the economy and markets.

4 minute read

Interest rates have fallen, but in the liquidity space, the sky has not.

7 minute read

Weakest Back-to-School spending in 15 years.

3 minute read

Does the rally in Chinese equities from its new stimulus program have legs?

8 minute read

China bazooka follows Fed's big cut, fueling the cyclical trade; U.S. elections on deck.

3 minute read

Fed easing means fixed-income investments should benefit from both factors of total return: price and income.

6 minute read

Federal Reserve ‘recalibrates’ monetary policy.

4 minute read

The Fed announced a punchy 50 basis-point rate. 

2 minute read

The GRANOLAS group of stocks are Europe’s equivalent of the Mag 7.

3 minute read

After a bumpy 2023, small-cap U.S. stocks are in a good place.

2 minute read

At the end of the day, it'll be a gift for competitors.

3 minute read

MBS issued by U.S. housing agencies could have advantages for investors if the economy slows.

5 minute read

Could energy buck conventional wisdom?