The year ahead is shaping up to be a crossroads for global market investors, marked by continued uncertainty around economic growth and central bank policy, according to Eric Souders, Portfolio Manager at Payden & Rygel.
“Economic signals remain mixed. The US labour market has weakened, but demand has not broken. Growth continues to look resilient, supported by strong, technology-led investment,” said Souders. “Inflation in the US has declined, and we believe it can continue to improve, even as the outlook for economic growth remains uncertain.”
Despite easing inflation, policy uncertainty remains elevated, particularly in the US.

