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Legg Mason: Tilting toward accommodation
Subdued global inflation should provide monetary policymakers with a ramp to be more accommodative and perhaps pull back from their normalization efforts. Were encouraged by the Fed's latest commitment to be more data-dependent.
M&G: US Fed climbs down from rate hikes
This months video looks at the Feds dramatic shift to a more dovish stance, with an emphasis on patience.
Rathbones: Great timing
US nonfarm payrolls smashed expectations once again, posting 304,000 new jobs in January instead of the 165,000 forecast. December's number was revised down from exceptionally high to very high. The ISM manufacturing survey rose to 56.6, higher than expected, showing that US producers are busy and confident. Consumer sentiment was soggier, however, dropping to the weakest level of Donald Trumps presidency. It was likely dragged down by the record 35-day government shutdown, yet it held up significantly better than economists had expected.
Aviva Investors: Why a US recession in 2019 is unlikely
Given the apparently close historical relationship between various financial indicators and the economy, some commentators have been quick to talk up the danger of a US recession in view of recent market developments. Such fears appear unfounded, even if growth is likely to slow, argues Michael Grady.