Private Markets 2026 Outlook
The MD’s outlook Steve McGoohan Managing Director, Private Markets What significant developments for private markets could take place in 2026? Asset classes within private markets are impacted by the same macro factors as their public-market counterparts, although the method and timing of those impacts may vary. Digitisation, demographics, and deglobalisation are significant mega-trends that will continue […]
Liquidity 2026 Outlook
The CIO’s view Deborah Cunningham, CFA Chief Investment Officer, Global Liquidity Markets, Senior Portfolio Manager, Executive Vice President, Federated Hermes, Inc. What’s your one contrarian view going into 2026? That the US Federal Reserve (the Fed) will remain independent. The Trump administration’s relentless criticism of Fed Chair Jerome Powell has led many to think the president […]
Fixed income 2026 Outlook
The CIO’s view Robert Ostrowski Executive Vice President, Chief Investment Officer What’s your outlook for 2026? Fixed income markets enter the new year with a surplus of unanswered questions. To be fair, 2025 answered some. A year ago, we expected a repeat of the post-2016 election environment, with a combination of a doveish-leaning Federal Reserve […]
Equities 2026 Outlook
The CIO’s view Stephen Auth, CFA Executive Vice President, Chief Investment Officer, Equities Could 2026 herald a new era for equities? Productivity gains, renewed economic growth, margin expansion and recently released ‘animal spirits’ – accompanied by benign central bank policy – are all driving global markets higher. Federated Hermes has upgraded its forward earnings outlook […]
Market Snapshot
An end to the US government shutdown
Closing the loop: Why circularity is now a strategic imperative
Yesterday’s idea, today’s solution The traditional, linear model of ‘take, make, dispose’ thrived in an era of cheaper materials and predictable supply chains. Today, heightened uncertainty, geopolitical tensions and supply chain shocks are forcing both companies and governments to reconsider the importance of resource efficiency. Enter the circular economy. The concept is not new, but […]
Yields look biased downward
Indications are that the US economy continues to expand – despite the short-term headwind of the government shutdown – spurred by consumer spending and strong business investment. Meanwhile, US Treasury yields remain choppy, moving marginally with each day’s shift in Fedspeak and market narratives. As we await resumption of official data releases, however, available signs still point […]
China Equity Q4 2025 report
The rewards of a disciplined and dynamic approach
What is driving EM corporate debt outperformance?
Chartology
High contrast
The contrast between the Federal Reserve’s policy-setting meeting in September and the one that ended Wednesday is striking. In the former, Chair Jerome Powell seemed to have a jump in his step as he announced the Federal Open Market Committee (FOMC) had lowered rates by a quarter percentage point with only one, very expected, dissent […]
