
The Capital Markets Path Remains Murky
Global financial markets continue to be whipsawed by shifting threats and demands from the new U.S. administration. Generally, investors are still downplaying the threats and focusing on what is still a choppy, but modestly positive, risk-on backdrop. Monetary conditions are not restrictive in the major developed market economies, and policy rates are still being lowered in some of the smaller economies. Global economic activity is on track to improve.
02/24/2025