Behind the Headlines:
U.S. Data Mosaic Takes Shape - December 5, 2025
In their latest report, Lazard Asset Management highlights U.S. retail sales fell short of expectations, pointing to continued consumer weakness into 2026 amid soft labor markets and slow wage growth. China’s Purchasing Managers Index (PMI) data slipped into... ➜
Posted: December 8, 2025
Behind the Headlines:
Fed to Markets: See You in 2026! - November 21, 2025
In their latest report, Lazard Asset Management highlights that the Federal Reserve appears increasingly hesitant to cut rates again this year, suggesting policy will likely remain unchanged until 2026. In China, speculation about potential new housing-market support has surfaced... ➜
Posted: November 24, 2025
Behind the Headlines:
The Data Floodgates Reopen - November 14, 2025
In their latest report, Lazard Asset Management notes that the record 43-day U.S. government shutdown has ended, allowing key economic data releases to restart, while China’s return to positive CPI inflation was driven mainly by gold jewelry prices amid broader... ➜
Posted: November 19, 2025
Behind the Headlines:
Shutdown Breaks Records - November 7, 2025
In their latest report, Lazard Asset Management highlights that the prolonged U.S. government shutdown, now the longest on record, is beginning to weigh on key sectors of the economy, while China’s weaker trade data underscores... ➜
Posted: November 10, 2025
Commentary from our Partners at Lazard: Outlook on USMCA Negotiations
In their latest report, Lazard Geopolitical Advisory outlines the potential paths for the upcoming USMCA review, highlighting scenarios ranging from a revised agreement with tighter trade rules to a full dissolution of the deal that... ➜
Posted: November 18, 2025
Commentary from our Partners at Lazard: Trump-Xi Summit and
U.S.-China Outlook
In their latest report, Lazard Geopolitical Advisory (LGA) analyzes the Trump–Xi summit in Busan, which delivered a brief easing of U.S.–China trade tensions through limited tariff suspensions and deferred export controls... ➜
Posted: November 3, 2025
Behind the Headlines:
Flying Blind - October 31, 2025
In their latest report, Lazard Asset Management highlights that the prolonged U.S. government shutdown is delaying key economic data releases, heightening potential market volatility once data resumes. Meanwhile, the United States and China have... ➜
Posted: November 3, 2025
Behind the Headlines:
U.S. Shelter Inflation Hits Four-Year Low - October 24, 2025
In their latest report, Lazard Asset Management notes that U.S. inflation came in lower than expected in September, driven by easing shelter costs that offset tariff-related price pressures. China’s third-quarter... ➜
Posted: October 27, 2025
Behind the Headlines:
Worse Than Feared? - October 17, 2025
In their latest report, Lazard Asset Management highlights mounting risks from the prolonged U.S. government shutdown, which could weigh on growth and investor confidence in U.S. institutions and the dollar. Meanwhile, China’s... ➜
Posted: October 17, 2025
Commentary from our Partners at Lazard: U.S.-China Trade Escalation
In their latest report, Lazard Geopolitical Advisory (LGA) examines the sharp escalation in U.S.–China trade tensions following Beijing’s new export restrictions and Washington’s threat of 100% tariffs on Chinese goods. While the... ➜
Posted: October 15, 2025
Behind the Headlines:
A Growing List of Data Delays - October 10, 2025
In their latest report, Lazard Asset Management highlights the market implications of the ongoing U.S. government shutdown, which has delayed key data releases, while noting that the The European Central Bank is signaling further rate... ➜
Posted: October 15, 2025
Behind the Headlines:
Mapping the Impact of the Shutdown - October 3, 2025
In their latest report, Lazard Asset Management highlights that a brief U.S. government shutdown would have limited impact, though lasting cuts to agency headcount could weigh on growth. China’s PMI data is expected to stay weak... ➜
Posted: October 6, 2025
Commentary from our Partners at Lazard: U.S. Government Shutdown
In their latest report, Lazard Geopolitical Advisory analyzes the October 1 U.S. government shutdown, rooted in partisan deadlock over healthcare spending. With a prolonged lapse possible, LGA highlights likely... ➜
Posted: October 2, 2025
Behind the Headlines:
Unprecedented - September 26, 2025
In their latest report, Lazard Asset Management highlights the unusual divergence between stronger-than-expected U.S. GDP growth and weakening job gains, alongside renewed weakness in global PMIs after recent... ➜
Posted: September 29, 2025