The global investment landscape is set to be transformed in the months ahead as the trajectories of major economies diverge more noticeably. Central banks, which tightened policy in unison to curb the pandemic inflationary spike, will likely follow varied paths when cutting interest rates. While many large, developed market (DM) economies are slowing, the U.S. has maintained its surprisingly strong momentum, with several supportive factors poised to persist. Those growth drivers could keep U.S. inflation lingering above the Federal Reserve’s 2% target over our six- to 12-month cyclical horizon. We still expect the ... (full story)