PRESS CENTRE

Federated Hermes forecasts what lies ahead for the rest of 2021 The investment floor share outlooks for the rest of the year 17/06/2021 - Eoin Murray

Economic Outlook: can things ‘only get better’? In his latest Economic Outlook, Senior Economic Adviser Neil Williams summarises his expectations for the global economy. 08/04/2021

Response to Federal Reserve meeting 18/03/2021 - Silvia Dall’Angelo

Three wishes for tomorrow’s UK Budget Eoin Murray, Head of Investment, shares his three wishes for tomorrow's UK Budget 02/03/2021 - Eoin Murray

Under Pressure? 5 dynamics shaping the inflation outlook Silvia Dall'Angelo, Senior Economist, discusses the five dynamics shaping her inflation outlook for 2021. 26/01/2021 - Silvia Dall’Angelo

Economic Outlook: 2021 and beyond - a slow and winding road to economic recovery In his latest Economic Outlook, Senior Economic Adviser Neil Williams summarises his expectations for the global economy in five main points. 15/12/2020

Looking into 2021 with Federated Hermes Senior management, the investment floor, EOS and our responsibility office share their outlooks for next year. 19/11/2020 - Saker Nusseibeh, CBE

Federated Hermes' latest on the US Elections Managers across our investment floor in London and Pittsburgh comment on the US Election 05/11/2020 - Eoin Murray

Federated Hermes comments ahead of US Election Federated Hermes comments ahead of US Election 28/10/2020 - Eoin Murray

Economic Outlook: Will the debt matter? Neil Williams examines the impact that various pandemic-related stimulus packages have had on both global government debt and the efficacy of monetary and fiscal tools available to policy-makers. 23/09/2020

Economic Outlook: will the debt matter? The US and UK are already running highly negative interest rates, when QE is considered, according to a report by the International business of Federated Hermes. 11/06/2020

Quarterly Economic Outlook: Keeping the punch bowl filled In hard macro terms, the tragic spread of the coronavirus provides another argument for keeping policy rates close to the floor, and the ‘punch bowl’ of central-bank liquidity filled. 18/03/2020

Can the UK spend its way out of economic weakness? Hermes: Can the UK spend its way out of economic weakness? 10/12/2019 - Silvia Dall’Angelo

Global economies in 2020 and beyond This marks the tenth anniversary of our quarterly Economic outlook. 05/12/2019

Rising recessionary risks shifts focus to fiscal fallback options Monetary policy – which did the heavy lifting in the aftermath of the global financial crisis – has reached its limits. 10/06/2019 - Silvia Dall’Angelo

Ahead of the Curve: Pushing the dovish pivot - the US inflation story "Add a short extract from this post, including key words." 25/02/2019 - Silvia Dall’Angelo

Light in the darkness - a brighter 2019 for emerging markets? Emerging markets contended with a challenging backdrop in 2018, amid less accommodative global financial conditions, slowing economic growth in China and fraught US-China trade relations. 28/01/2019 - Silvia Dall’Angelo

Economic Outlook 2019: turkeys aren’t voting for Christmas 19/12/2018

How tech and female tenacity could shake up US politics (and the investment industry, too) 05/11/2018 - Eoin Murray

They Walk Among Us – The Extended Cycle Of Zombie Firms 31/10/2018 - Eoin Murray

How markets are missing the biggest populist movement of all 29/10/2018 - Saker Nusseibeh, CBE

Escalating trade war is biggest risk for world economy The trade tariffs – and corresponding retaliatory measures – implemented are so far limited. In total, the value of affected trade now amounts to about $150bn globally, or 0.8% of overall world exports. However, adding up all the measures currently under discussion and assuming impacted countries retaliate commensurately, the amount of targeted trade could quickly rise to more than $1tn, or 6% of global exports. In her latest Ahead of the Curve, Silvia Dall’Angelo, Senior Economist at Hermes Investment Management, argues an escalation of protectionist measures evolving into a trade war could represent the biggest challenge to the world economy. 13/08/2018 - Silvia Dall’Angelo

Hermes comments on the BoE rate hike: MPC may be putting as much store on tactics as strategy Neil Williams, Senior Economic Adviser, Hermes Investment Management: “After softer activity data, the BoE's rate-hike today, their second in this cycle, may raise some eyebrows. However, it shouldn't be seen as heralding a swift move upwards. “As with their first rise last November, the Bank's tone again reflects caution. Suspecting that its room to manoeuvre will become more constrained as Prime Minister May seeks a Brexit Treaty in 2019, it may be putting as much store on tactics as long-term strategy. Even if there is a deal next year, it would most likely only be a precursor to sorting out the various legal and trade systems by December 2020. “Motivating today's move will be the MPC’s assessment of very little slack left in the economy, and building excess demand. It will also be hoping that spring’s pay settlements data have been strong enough to help validate the traditional link with low unemployment. “Yet, their window to hike may become smaller in 2019, and even close by 2020. UK growth has almost ground to a halt - from the top of the G5 quarter-on-quarter growth-table in H2 2016 (just after the referendum) to the bottom by H2 2017 - despite a softer fiscal stance.” 02/08/2018

Eurozone 'Misery Indices' - converging on the strongest once again To test whether the macro strains in the eurozone periphery are still holding back the core members, Neil Williams, Senior Economic Adviser to Hermes Investment Management, updates his ‘Misery Indices’ (MIs) out to 2019. He finds that, with macro-economic convergence between euro members next year set to be the strongest since 2007, they should be on a better footing to weather their next challenge - linked perhaps to Italy’s political risk. Off-the-wall methods for proxying economic hardship include an index adding together a country’s unemployment and inflation rates. Though hardly scientific, they become especially flawed in a low inflation or deflationary world when the components may move in opposite directions. We offer a more logical alternative to this, and to GDP estimates, which are produced with more of a time lag and frequently revised. 25/07/2018