Sweden exits negative rates & oil weakens Norway’s krone

Sweden exits negative rates & oil weakens Norway’s krone By Erik Norland, Senior Economist, CME Group Sweden’s Experiment with Negative Rates Sweden takes the lead in exiting negative interest rates. Sweden’s Q1 economic activity outperformed the Eurozone’s. Swedish exports likely to fall amid sluggish Eurozone growth. Krona has fallen 19% against euro, 34% vs. US … Read More

Why Small-Cap Stocks are Lagging and Impact of Fed’s Asset Purchases

Why Small-Cap Stocks are Lagging and Impact of Fed’s Asset Purchases By Blu Putnam, Chief Economist & Erik Norland, Senior Economist, CME Group Why Large Caps Have Done Better Than Small Caps Russell 2000 small caps underperformed big caps by 15% Jan.-April. Small-cap stocks often outperform during times of economic distress. Could underperformance be due … Read More

The Widening Emerging-Developed Market Gap

The Widening Emerging-Developed Market Gap By Erik Norland, Senior Economist, CME Group The Widening Emerging-Developed Market Gap Fiscal stimulus in emerging markets has been much less robust than in the US and other Developed Nations. Emerging markets can mitigate the damage of the pandemic through other means: currency devaluation and short-term interest rate cuts. Large fiscal … Read More

New Webinar: US Policy Responses to Economic Distress

US Policy Responses to Economic Distress Featuring Blu Putnam, Chief Economist and Erik Norland, Senior Economist Join CME Group economists Blu Putnam and Erik Norland as they share insights into how the US government might respond to severe economic stress caused by the Covid-19 pandemic. In this webinar, Blu and Erik will discuss: Tracking the … Read More

Research: Fed Policy and US Policy Responses

Fed Policy and US Policy Responses By Blu Putnam, Chief Economist & Erik Norland, Senior Economist, CME Group US Policy Responses to Labor Market Distress High unemployment can draw comparison to Great Depression. But swift policy initiatives now contrast with initial hesitation in 1930s. New fiscal spending may focus on getting people back to work. Even … Read More