This morning’s jobs report looks upbeat at first glance; 147,000 new jobs, 4.1% unemployment—but the headline barely scratches the surface. A few things stand out:• The private sector added just 74,000 jobs, its weakest showing in eight months. ADP actually reported a loss of 33,000 private-sector jobs in June. Most of the growth (about 73,000…
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The Federal Reserve’s latest update paints a sobering picture for the U.S. economy; one that’s hard to ignore if you follow macro trends. In today’s June 18 projections, the Fed dialed back its growth outlook for 2025: real GDP is now expected to rise just 1.4%, a major slowdown from last year’s 2.5%. At the…
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We’re thrilled to share that Dr. Gandevani’s keynote address from TSAM Boston 2025 is now accessible in a downloadable PDF format. This paper takes a deep dive into the evolving nature of the United States’ Country Risk Premium (CRP) and its profound implications for global asset management. In an era of systemic fiscal, political, and…
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