January 2016 – Economic Review
During January, investors were reminded that unwinding the extraordinary liquidity extended by central banks, which started in August 2007, will be a painful process.
Stocks tumbled as trading started in 2016, against the backdrop of the Federal Reserve’s solitary position amongst central banks to see the need to raise interest rates.
View the full document (PDF)
In this issue:
- Markets React to Central Banks
- Low Interest Rates Expected For Many Years
- U.S. Manufacturing Continues to Contract
- Market Returns as of January 31, 2016