by Oussama Himani | Sep 21, 2020 | Markets |
After almost a year of public debate, the Fed announced a subtle but important change to its monetary policy framework. Rather than targeting an inflation rate of 2%, the Fed will look to achieve an average inflation rate of 2% over time. This change appears simple at...
by Oussama Himani | Jul 7, 2020 | Markets |
Equity market developments since the beginning of April have been confounding. On the one hand, most of the worst predictions for the global economy have been confirmed, and most countries are in the midst of the worst economic contraction in a century. On the other...
by Oussama Himani | Apr 4, 2020 | Markets |
There are no historical precedents for the type of economic dislocations that we are experiencing. War time economies experience disruptions in some sectors, but they also benefit from the considerable mobilisation of economic resources towards the war effort. Today’s...
by Oussama Himani | Mar 10, 2020 | Markets |
It’s not reasonable to expect finance professionals to turn into epidemiologists within a short period of time. Yet, this is precisely the challenge faced by every analyst in recent weeks. I will not feign competence. There are many possible scenarios for the...
by Oussama Himani | Jan 10, 2020 | Markets |
The past year has been as rewarding for investors as it has been confounding for analysts. While economic growth weakened to its slowest pace since the global financial crisis, both equity and fixed income markets performed well. Market valuations sent contradictory...
