MARKETS & ECONOMY

PGIM’s asset managers provide forward-looking analyses of market forces impacting the coming quarter, and concise reviews of key market activity, formulated for the institutional investor.

The Fed’s Swap Lines During the Crisis: Lender of Last Resort on a Global Scale

Nathan Sheets, PhD, Chief Economist, and Head of Global Macroeconomic Research

A decade after the worst of the Global Financial Crisis (GFC), Nathan Sheets, PhD, former director of the Division of International Finance for the Federal Reserve Board, looks back at the instability of the global financial system and details the role of the Federal Reserve as the international lender of last resort.

 

Smart Comp 502

Argentina: Lingering Vulnerabilities in the Face of Uncertainty

Cathy Hepworth, CFA, Managing Director and Co-Head, Emerging Markets Debt Team

The paper describes how the volatility in Argentine markets developed, the uncertainties that lie ahead, and PGIM Fixed Income’s positioning across hard currency bonds, local debt, and FX. 

Navigating the Turkish Lira Crisis

Will Turkey’s currency turmoil pose broader economic challenges across global financial markets? PGIM’s managers discuss a confluence of factors that led to the free fall in the lira, and potential outcomes to monitor.

Looking Ahead After the U.S.-North Korea Summit

Gerwin Bell, PhD, Lead Economist for Asia on PGIM Fixed Income’s Global Macroeconomic Research Team, and Mehill Marku, portfolio manager on the Foreign Exchange Team, examine two competing schools of thought following the historic summit, and look at how the delicate relationship may evolve.

Q3 2018 Market Outlooks

Will the synchronized global growth story continue into the second half of the year into next year? PGIM’s leading macroeconomists and investment experts provide a diverse set of outlooks as global financial markets weather this cycle of uncertainty.

When the Dust Flies: How Volatility Events Affect Asset Class Performance

PGIM’s Institutional Advisory & Solutions (IAS) group investigates asset class performance before, during, and after volatility events.

PGIM CEO Doesn't Expect Jump in Inflation Anytime Soon

David Hunt, PGIM's chief executive officer, discusses President Donald Trump's tariff plans. He spoke with Bloomberg's Scarlet Fu and Julia Chatterley March 1 on "Bloomberg Markets."

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QMA

All Eyes on Productivity

In this edition of QMA's Market Pulse, "All Eyes on Productivity," QMA's Global Multi-Asset Solutions team explains why productivity growth is one of the metrics it is watching for clues to the staying power of the current economic and market cycle. The team notes that the past decade of anemic productivity growth would ordinarily be a cause for pessimism on this front, but also highlights the early signs it is seeing of a productivity pickup, and how this could yet spawn a new virtuous cycle of rising wages, benign inflation conditions and higher GDP growth.

2018 Milken Institute Global Conference

Navigating a World in Transition

PGIM is proud to be a gold sponsor of the annual Milken Institute Global Conference, which brings together brilliant minds that possess the ability to move the world forward in a variety of ways. Milken’s commitment to the power of ideas makes this a dynamic forum where we can contribute our expertise while gaining new ideas from the vast network of accomplished and influential people from all over the globe.

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Implications of U.S. Tax Reform

President Trump and Congressional Republicans won a clear victory with the passing of the Tax Cuts and Jobs Act. As the largest tax overhaul in 30 years, the legislation will undeniably have some effects on the markets and economic growth in 2018 and beyond. Here we provide a range of insights about the potential implications of the tax bill from our asset class experts.