Trade Shifts, Fiscal Turns, and Market Implications

Trade Deal and Inflation Implications U.S. Treasury Secretary Scott Bessent has assumed a more visible role in articulating the Administration’s trade policy. The first major… More

Commentary from our Partners at Lazard: Updated Perspectives on U.S. Trade Policy & Negotiations

Comprised of some of the world’s most experienced geopolitical minds and business experts, Lazard Geopolitical Advisory provides strategic insights and bespoke analyses to help clients… More

The Trump Put: Volatility, Tariffs, and Central Bank Caution

Market Volatility and Forced Liquidations Recent market volatility has intensified, characterized by sharp, simultaneous declines in equities, bonds, and commodities. This broad-based selling suggests forced… More

Commentary from our Partners at Lazard: Implications of the April 2nd U.S. Tariffs on Global Trade and Growth

On April 2, President Donald Trump announced hikes that bring U.S. tariffs to their highest levels in over a century and exceeding rates reached under… More

The Fast-Changing Landscape

U.S. and Global Growth Downgrades The Atlanta Fed’s First Quarter (Q1) GDPNow (a nowcast of GDP = gross domestic product) fell from 3.9% in late… More

U.S. Tariff Policy – A Critical Month Ahead – Lazard Asset Management

In this report, Lazard Asset Management breaks down U.S. Tariff Policy – highlighting key sectors and unpacking what it all means for markets and businesses…. More

Shifting Sentiment and Rising Uncertainty

U.S. Economic Outlook Weakens The Atlanta Fed’s GDPNow estimate for the first quarter of 2025 (Q1) has dropped from 3.9% to 2.3% as of February… More

Market Shifts and Policy Realignments

Strong U.S. Economy In Q3 2024, U.S. Gross Domestic Product (GDP) grew at an annualized rate of 3.1%, driven by robust consumer spending, particularly in… More

Shifting Policies and Rising Risks

Bank of Canada Rate Cut On December 11, 2024, the Bank of Canada cut its policy rate by 50 basis points (bps) to 3.25%, following… More

Market Shifts and Policy Realignments

Bank of Canada Rate Cut On October 23, 2024, the Bank of Canada reduced its policy interest rate by 50 basis points (bps), from 4.25%… More

Behind the Headlines, November 2024 – Lazard Asset Management

In this report, Lazard Asset Management unpacks the top macro headlines around the world and what it could mean for investors. This edition covers the… More

Fed and Market Sentiment: A Misalignment?

In last month’s commentary, a structured approach to understanding the interaction between the market and the Federal Reserve (“Fed”) was outlined, focusing on four key… More