Watch Video: Fed Takes Lead in Unwinding Quantitative Easing

View in your browser Fed Takes Lead in Unwinding Quantitative Easing By Blu Putnam, Chief Economist, CME Group Video Highlights: Fed set to slash balance sheet to 12.5 percent of GDP by 2023 European Central Bank likely to curb asset purchases in 2018 ECB unwinding could raise European government bond yields Unwinding by Bank of Japan … Read More

Research: Why is Wage and Productivity Growth Sluggish?

View in your browser Why is Wage and Productivity Growth Sluggish? By Blu Putnam, Chief Economist & Natalie Denby, CME Group Highlights: Structural changes slacken U.S. wage, productivity growth Low expected inflation, retiring Boomers & growing Millennial workforce at root Low-paying jobs growth outpacing high-paying jobs post-recession Policy implications include delaying Fed hikes, lowering terminal rate … Read More

Research: Uneven Debt Levels Complicate Eurozone Monetary Policy

View in your browser Uneven Debt Levels Complicate Eurozone Monetary Policy By Erik Norland, Senior Economist, CME Group Highlights: Eurozone countries have varying levels of debt post-recession ECB faces challenges in setting uniform monetary policy for all 19 members Highly indebted members like Ireland, Belgium need low interest rates Low-debt Germany’s growth could withstand higher … Read More