Copper/EUR

The U.S. economy distinguished itself in 2023 and 2024, achieving growth rates of 2.5%–3%, while DM peers largely stagnated at 0%–1%. U.S. productivity has also outpaced DM peers since the pandemic. In our April 2024 Cyclical Outlook, “Diverging Markets, Diversified Portfolios,” we identified two main drivers: • Fiscal policy: A larger cumulative fiscal ...

Federal Reserve Bank of Boston President Susan Collins said it was “prudent” for officials to lower rates by a half percentage point last month as inflation declines and the economy becomes more vulnerable to shocks. “I saw an initial 50-basis-point rate reduction as prudent in this context, recognizing that monetary policy remains in restrictive ...