Sizing up the China consumer landscape

While inflation may have peaked last summer, the future road may not be a one-way street to the downside, and the Fed will continue to operate under the assumption it ‘has more work to do’ to bring inflation under control.

This insight looks at recent Health Care industry underperformance in the context of its performance in the post-Covid period. It explores the idea that US policy uncertainty may be an additional short-term drag on the industry not just in the US but globally as well.

New Fed Chair Kevin Warsh is already reshaping policy communication by reducing forward guidance, questioning the dot plot’s future and emphasizing real-time data, potentially increasing Treasury market volatility.