Macro Matters: Ahead: How Long Will the Fed Hold Last?

President Trump announced specific details on the administration’s intended trade policy, including a baseline tariff as well as reciprocal tariffs on specific countries. Uncertainty lies ahead as global markets digest the prospects.

At its March meeting today, the Fed kept the federal funds rate at 4.25–4.50% amid concerns around tariffs and their potential impact on U.S. growth and inflation.

The U.S. announced tariffs on Canada, Mexico, and China. Although tariffs on NAFTA countries are temporarily on hold, China is responding with its own retaliatory measures. Allspring experts discuss how these ongoing developments create uncertainty but also opportunities for active portfolio management.

At its January meeting today, the Fed kept the federal funds rate steady at 4.25–4.50%. As the new administration begins implementing its fiscal policy plans, we expect the Fed will remain cautious in monitoring inflation.

Macro Matters provides a concise, comprehensive look at macroeconomic themes that matter to clients.

Today, as expected, the FOMC announced a cut of 25 basis points in the federal funds rate, lowering it to 4.25%–4.50%. From here, the interest rate path is less clear.

In our 2025 Outlook, we discuss three macro themes we expect in 2025 and nine of our portfolio managers reveal top opportunities they anticipate and their positioning to potentially benefit.

Allspring's investment experts discuss what they believe is ahead for the markets in 2025 and beyond.

With postelection macro trends and the Republican agenda now in the forefront, Allspring’s fixed income teams highlight opportunities and risks for investors to consider in positioning portfolios.

As expected, the FOMC today announced a cut of 25 basis points in the federal funds rate, lowering the rate to 4.50%–4.75%. U.S. election results suggest we could see looser fiscal policy and new trade tariffs ahead, which might lift growth as well as inflation.

After this week’s momentous U.S. election results, Allspring’s investment experts share their perspectives on what to expect for fixed income and equity markets going forward.

Macro Matters provides a concise, comprehensive look at macroeconomic themes that matter to clients.

Two Allspring equity portfolio managers, Bryant VanCronkhite and Michael Smith, share their perspectives on the U.S. DOJ’s court filing stating it may recommend dismantling Google’s core businesses.

Listen in to George Bory, chief fixed income strategist for Allspring Global Investments, and his immediate reaction on the Wednesday, September 18, announcement from the FOMC (Federal Open Market Committee) meeting.

The Fed decided to finally lower its key interest rate, announcing a cut of 50 basis points, to 4.75–5.00%. A cut of at least 25 basis points was widely expected and welcomed.  

Macro Matters provides a concise, comprehensive look at macroeconomic themes that matter to clients.

Macro Matters provides a concise, comprehensive look at macroeconomic themes that matter to clients.

Fed officials again kept the federal funds rate at 5.25–5.50%. We believe they’ll cut for the first time this cycle in September and then analyze incoming data to inform future rate-cut decisions.

When uncertainty is high, it’s important for bond investors to prioritize flexibility. Making small decisions across multiple sectors while maintaining investment flexibility is preferable to one big macro view.

Summer Edition
Macro Matters provides a concise, comprehensive look at macroeconomic themes that matter to clients.

As we reach the middle of 2024, where do our experts think you should focus portfolios given shifting rate expectations, sticky inflation, and global uncertainties? Follow the insight to find out more.

Fed officials again kept the federal funds rate unchanged at 5.25–5.50%. Our base case is that they won’t cut rates until they see weakening in prices and the labor market, probably not before fall.