In Focus
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Week InAdvance: April 28, 2025
Mon Apr 28 Canada’s federal election. | Tue Apr 29 BIS, BoE, ECB, IMF joint forum. ECB conference. | Wed Apr 30 US GDP, PCE price index. China official PMIs. 50th anniversary of the end of the Vietnam war. | Thu May 1 May Day observed. European markets closed except UK. Bank of Japan rate decision. | Fri May 2 US payrolls. 80th anniversary of Soviet troops capturing Berlin during WWII. | Sat May 3 25 percent US tariff on imported car parts due to become effective. | Sun Apr May 4 Milken Institute Global Conference in Beverly Hills draws investors, government officials.
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Week InReview: April 25, 2025
Fed June rate move in play. Bank of America strategists say investors should sell into rallies in US stocks and the dollar, cautioning that the conditions for sustained gains are missing. Federal Reserve Bank of Cleveland President Beth Hammack ruled out a May interest-rate cut but said the central bank could move as early as June if it has clear evidence of the economy’s direction. And Federal Reserve Governor Christopher Waller said he’d support rate cuts if there’s a significant rise in unemployment. A number of hedge funds are trying to figure out how to make money on low-carbon investments that appear resilient to White House energy policies. Their preferred assets are generally located outside the US, including utilities and grid-equipment providers, money managers said. At the same time, US Energy Secretary Chris Wright sought to reassure US oil companies that turmoil from a trade war is apt to be fleeting. Oil looks set for a weekly loss. The US is right that global trade imbalances need to be addressed, but it should be using multilateral institutions like the IMF to reform the system, UK Chancellor of the Exchequer Rachel Reeves said. And Bank of England Governor Andrew Bailey said the UK economy is not close to recession, even as US tariffs have a chilling effect. UK household confidence is now at its lowest level since the Labour government came to power. US stocks rose to their highest since the US announced its tariff offensive as investors bet the Federal Reserve could cut rates sooner than anticipated. Fed Governor Christopher Waller said he’d support rate cuts if aggressive tariff levels hurt the job market. Cleveland Fed President Beth Hammack said the central bank could cut rates as early as June. Treasuries rallied.
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Week InAdvance: April 21, 2025
Mon Apr 21 Much of Europe celebrates Easter Monday with markets closed. IMF-World Bank spring meetings. The 129th Boston Marathon on Patriots’ Day. WEF annual meeting in Davos. | Tue Apr 22 Earth Day. Bretton Woods summit. | Wed Apr 23 Fed's 'Beige Book.' MSRB board meeting. | Thu Apr 24 OECD infrastructure governance forum. 8th annual Cannes global TV festival opens | Fri Apr 25 EC's crypto panel meets. Russia rate decision.
Upcoming Events
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8May
Market Practices Council Industry Update
10:30 AM to 11:00 AM EDT
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21May
CMBS Council Industry Update
4:00 PM to 4:15 PM EDT
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The Association of Institutional INVESTORS is an organization of the oldest, largest, and most trusted federally registered investment advisers in the United States. All our members have a fiduciary duty to put their clients' interests first. Put simply, it's not our money. Our members' clients include companies and labor unions, public and private pension plans, mutual funds and 401Ks, and individuals and families who depend on our firms to help them provide for their retirements, to have funds available to educate their family members, to meet other obligations, and to support their financial aspirations. Collectively, the Association's members manage investments for more than 80,000 ERISA pension plans, 401Ks, and mutual funds on behalf of more than 100 million American workers and retirees.Our financial markets connect companies to investors and borrowers to lenders to help corporations create jobs, cities and states build needed roads, bridges, and schools, families finance homes and cars, and pension plans at all levels meet their obligations. These markets allow thousands of organizations and millions of individuals to invest in America, sharing in the success of our nation's businesses and maintaining a stake in the strength of cities, counties, states, and our country.
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