Market Pulse and newsletter
CNR Speedometers -March 2025
• Global outlook divergent, US growth prospects most resilient supported by fiscal policy.
• Multi-year Federal Reserve easing cycle ahead.
• Slower but positive job and income growth support consumer spending and sentiment.
• Improved credit availability and removed election uncertainty supports stronger business outlook.
• Elevated equity valuations offset by strong corporate profits.
• Geopolitical events remain key risk to outlook.
CNR Speedometers -February 2025
• Global outlook divergent, US growth prospects most resilient supported by fiscal policy.
• Multi-year Federal Reserve easing cycle ahead.
• Slower but positive job and income growth support consumer spending and sentiment.
• Improved credit availability and removed election uncertainty supports stronger business outlook.
• Elevated equity valuations offset by strong corporate profits.
• Geopolitical events remain key risk to outlook.
CNR Speedometers -January 2025
• Global outlook divergent, US growth prospects most resilient supported by fiscal policy.
• Multi-year Federal Reserve easing cycle ahead.
• Slower but positive job and income growth support consumer spending and sentiment.
• Improved credit availability and removed election uncertainty supports stronger business outlook.
• Elevated equity valuations offset by strong corporate profits.
• Geopolitical events remain key risk to outlook.
CNR Speedometers -December 2024
• Global outlook divergent, US growth prospects most resilient supported by fiscal policy.
• Multi-year Federal Reserve easing cycle ahead.
• Slower but positive job and income growth support consumer spending and sentiment.
• Improved credit availability and removed election uncertainty supports stronger business outlook.
• Elevated equity valuations offset by strong corporate profits.
• Geopolitical events remain key risk to outlook.
CNR Speedometers -November 2024
• Global outlook divergent, US growth prospects most resilient supported by fiscal policy.
• Multi-year Federal Reserve easing cycle ahead.
• Slower but positive job and income growth support consumer spending and sentiment.
• Improved credit availability and removed election uncertainty supports stronger business outlook.
• Elevated equity valuations offset by strong corporate profits.
• Geopolitical events remain key risk to outlook.
CNR Speedometer -October 2024
• Global outlook divergent, US growth prospects most resilient.
• Cooling inflation paving the way for Federal Reserve easing cycle.
• Slower but positive job and income growth support consumer spending.
• Lower rates and fading post election uncertainty supportive of improved consumer/business sentiment
• Elevated equity valuations offset by strong corporate profits.
• Geopolitical events remain key risk to outlook.