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  • ""
    September 27, 2022
    Fed officials remain hawkish; the U.S. yield curve warrants further discussion; U.K. markets have stabilized, at least for now; the BOE delivered nothing of substance to support U.K. assets; FX intervention to support the pound is highly unlikely; Nord Stream officials are reporting damage to its pipeline system; ECB President Lagarde is sounding less hawkish; Italian yields are rising; Hungary is expected to hike the base rate 100 bp to 12.75%;Japan yields continue to rise; markets will continue testing the BOJ
  • Steel brain with wires and cables. 3D illustration
    September 26, 2022
    • Investor Services
    What is now needed to meet the next generation of ESG investors? Adrian Whelan unpicks the title of a session at Sibos, where he will be speaking next month.
  • British pounds sterling bills and coins
    September 26, 2022
    Risk sentiment remains under severe pressure as the new week begins; many Fed officials will spread the hawkish message this week; August Chicago Fed NAI will be reported; U.K. assets remain under pressure as Chancellor Kwarteng poured more gasoline on the fire; Italy is likely to become more of a market focus in the coming weeks; Germany reported a weak September IFO business climate survey; BOJ Governor Kuroda said he supported last week’s FX intervention; Japan reported firm preliminary September PMI readings; China continues to take small measures to support the yuan
  • ""
    September 25, 2022
    • Investor Services
    Here's a look at the main drivers in Developed Markets this week.
  • ""
    September 25, 2022
    • Investor Services
    Here's a look at the main drivers in Emerging Markets this week.
  • Coins stacked with United kingdom flag in background
    September 23, 2022
    U.S. yields continue to march higher; S&P Global preliminary September PMI readings will be the highlight; Canada reports July retail sales; U.K government announced a massive tax cut package; BOE tightening expectations have picked up; U.K. and eurozone reported preliminary September PMI readings; whether the BOJ intervention will succeed depends on how one defines success; Australia reported preliminary September PMI readings
  • Japanese and U.S.  flags overlapping
    September 22, 2022
    The two-day FOMC meeting ended with a 75 bp hike, as expected; Chair Powell drove home this hawkish message in his press conference; updated macro forecasts and Dot Plots were released; U.S. yields continue to march higher; BOE, SNB, Norges Bank all hiked as expected; SARB is expected to hike rates 75 bp to 6.25%; Turkey unexpectedly cut rates 100 bp to 12.0%; BOJ delivered another dovish hold, as expected; BOJ intervened to support the yen for the first time since 1998; Taiwan, Philippines, and Indonesia all hiked as expected
  • Federal Reserve Cloudy Day
    September 21, 2022
    Fed tightening expectations remain elevated ahead of the FOMC decision this afternoon; Canada reported soft August CPI data; Brazil is expected to keep rates steady at 13.75%; Ukraine is heating up again; ECB President Lagarde spoke yesterday; the U.K. announced details of its plan to support businesses hurt by high energy costs; the BOE decision tomorrow is not so clear cut; South Africa reported August CPI; the market is testing the BOJ ahead of tomorrow’s decision; it is likely to deliver another dovish hold
  • ""
    September 20, 2022
    U.S. yields continue to march higher; Fed tightening expectations remain elevated as the two-day FOMC meeting begins; the only U.S. data report today is August building permits and housing starts; Canada reports August CPI; U.K. Prime Minister Truss said a trade deal with the U.S. was unlikely right now; the Riksbank hiked rates 100 bp to 1.75% vs. 75 bp expected; Japan reported August national CPI data; RBA minutes were released; RBA tightening expectations remain in flux
  • ""
    September 19, 2022
    This is a huge week for central banks; U.S. yields continue to rise; Fed tightening expectations remain elevated; ECB officials remain hawkish; Bundesbank noted growing risks of recession in Germany; RBA acknowledged the negative impact of its rate hikes on the housing market; China officials continue to lean against yuan weakness
  • ""
    September 18, 2022
    • Investor Services
    Here's a look at the main drivers in Developed Markets this week.
  • ""
    September 18, 2022
    • Investor Services
    Here's a look at the main drivers in Emerging Markets this week.
  • United Kingdom and United States flags overlapping
    September 16, 2022
    U.S. yields continue to rise; August retail sales data were mixed; University of Michigan consumer sentiment will be closely watched; U.K. reported weak August retail sales data; today is the anniversary of Black Wednesday; ECB President Lagarde is sounding hawkish; Russia cut rates 50 bp to 7.5%, as expected; Japan Finance Minister Suzuki continues to jawbone the yen; RBA Governor Lowe hinted at a pivot; China reported firm August IP and retail sales data
  • Industrial barrels stacks in waste yard
    September 15, 2022
    The potential nationwide rail strike has been avoided; August PPI was reported yesterday; August retail sales data today will be important; regional Fed manufacturing surveys for September start rolling out; ECB messaging is starting to soften; Israel reports August CPI; Japan reported August trade data; Australia reported solid August jobs data; New Zealand reported solid Q2 GDP data
  • ""
    September 14, 2022
    U.S. inflation data remain in focus after yesterday’s CPI report; Fed tightening expectations shot up, giving the dollar a much-needed boost; eurozone reported weak July IP; U.K. reported August CPI; Sweden reported August CPI; reports suggest the BOJ conducted a so-called rate check in the FX market; New Zealand reported Q2 current account data
  • ""
    September 13, 2022
    U.S. yields continue to rise; Fed tightening expectations remain elevated; U.S. inflation data take center stage; demand for USTs appears to be softening; German September ZEW survey weakened further; ECB tightening expectations remain elevated; the monthly U.K. data dump continues; Japan reported August PPI
  • Glass jar with rolled-up euro bills
    September 12, 2022
    Risk on impulses are weighing on the dollar; U.S. yields continue to rise; ECB officials are sticking to the hawkish script; despite these comments, we believe nothing has fundamentally changed; the monthly U.K. data dump began with a whimper; BOE meets Thursday and is expected to hike rates 75 bp to 2.5%; Japan reported August machine tool orders; BOJ meeting next week has taken on a bit less importance with USD/JPY trading well off the recent highs
  • ""
    September 11, 2022
    • Investor Services
    Here's a look at the main drivers in Developed Markets this week.
  • ""
    September 11, 2022
    • Investor Services
    Here's a look at the main drivers in Emerging Markets this week.
  • US Dollar on financial screen
    September 09, 2022
    Fed Chair Powell remains hawkish; Fed tightening expectations remain elevated; Canada reports August jobs data and Q2 capacity utilization; Senior Deputy Governor Rogers laid out more details regarding the BOC’s thinking; the ECB hiked rates 75 bp, as expected; new U.K. Chancellor of the Exchequer Kwarteng sacked the Treasury’s top civil servant; Norway reported August CPI; BOJ Governor Kuroda met with Prime Minister Kishida; Kishida has reportedly ordered an economic package in October to help the nation cope with rising inflation; China reported soft August CPI and PPI data
  • Euro-Symbol Statue in Frankfurt
    September 08, 2022
    The Fed released its Beige Book report; meanwhile, Fed officials remain hawkish; BOC hiked rates 75 bp to 3.25%, as expected; Peru is expected to hike rates 50 bp to 7.0%; the ECB is expected to hike rates 75 bp; Prime Minister Truss is expected to unveil her plan to help the U.K. cope with higher energy costs; BOE testimony to Parliament’s Treasury Committee was tepid; Japan reported firmer final Q2 GDP data; July current account data are worth discussing; Australia reported July trade data; New Zealand reported Q2 manufacturing activity; Malaysia hiked rates 25 bp to 2.50%, as expected
  • ""
    September 07, 2022
    • Investor Services
    The U.S. economy remains on firm footing; U.S. yields continue to rise; strange things are happening to the U.S. curve; August ISM services PMI came in strong; the Fed releases its Beige Book report; BOC is expected to hike rates 75 bp to 3.25%; Chile delivered a hawkish surprise with a 100 bp hike to 10.75% vs. 75 bp expected; reports suggest the U.K. is stepping back from a Brexit confrontation with the EU; BOE officials testify to Parliament’s Treasury Committee; Germany reported July IP; Poland is expected to hike rates 25 bp to 6.75%; Japan officials are getting more concerned about the weak yen but there’s really not much that can be done as long as the BOJ maintains its ultra-dovish stance; Australia reported firm Q2 GDP data; China reported soft August trade data
  • ""
    September 06, 2022
    Data highlight will be August ISM services PMI; Chile is expected to hike rates 75 bp to 10.5%; ECB officials are starting to recognize the risks ahead; Germany reported weak July factory orders; the Tories picked Foreign Secretary Truss as their new leader; reports suggest Truss is focusing on providing relief from surging energy prices; Japan reported soft July cash earnings and household spending; RBA hiked rates 50 bp to 2.35%, as expected; PBOC is taking modest measures to support the yuan; OPEC+ surprised markets with a 100k bbl/day output cut in October
  • ""
    September 04, 2022
    • Investor Services
    Here's a look at the main drivers in Developed Markets this week.
  • ""
    September 04, 2022
    • Investor Services
    Here's a look at the main drivers in Emerging Markets this week.
  • ""
    September 02, 2022
    U.S. yields continue to rise; August jobs data is the main event; August ISM manufacturing PMI came in firm; the stars are aligning for a 75 bp hike at the September 8 ECB meeting; eurozone countries reported some soft data; we downplay any notions of BOJ intervention as USD/JPY moves past 140; Korea reported August CPI
  • Postcard collage from London in England, United Kingdom
    September 01, 2022
    The U.K. Financial Conduct Authority (FCA) has opened a public consultation which seeks to reshape the rules around marketing of Long-Term Asset Funds (LTAFs) to allow access to a wider group of retail investors and pension schemes.
  • U.S. $100 banknotes closeup.
    September 01, 2022
    U.S. yields continue to rise; the pace of QT doubles this month; August ISM manufacturing PMI will be the highlight; we get more labor market data with August Challenger job cuts and weekly jobless claims; the ECB looks increasingly likely to hike rates 75 bp at the September 8 meeting; final August eurozone manufacturing PMI readings were reported; reports suggest Russia is considering increased purchases of “friendly” currencies; Japan and Australia reported final August manufacturing PMIs; Caixin reported soft August manufacturing PMI; Korea reported August trade data
  • long grocery list coming out of coin purse

    Major Markets Global Overview

    August 31, 2022
    • Investor Services
    High food and energy prices continue to squeeze households globally. Aggressive monetary policy responses and shrinking real incomes have increased global recession risks. Indeed, more and more signs of recession are piling up.
  • Foreign Exchange Publication Cover third quarter 2022
    August 31, 2022
    • Investor Services
    Our Currency Strategists set out what the geopolitical and macro-economic landscape means for major and emerging markets in the third quarter
  • Financial technology concept. Block chain.

    Currency Forecasts

    August 31, 2022
    • Investor Services
    Our Currency Strategy experts offer their predictions for currency performances for both Major and Emerging Markets.
  • illustration of the globe on a scale

    Emerging Markets Global Overview

    August 31, 2022
    • Investor Services
    For much of the first half of this year, high interest rates and rising commodity prices helped these currencies outperform their emerging market peers. However, broad-based dollar strength has slowly but surely eaten away at those EM FX gains and this is likely to continue as the Fed remains on its aggressive tightening path.
  • ""
    August 31, 2022
    Fed officials continue their aggressive communication efforts; the Fed’s hawkish message is clearly having an impact; ADP is restarting its private sector jobs estimates after a two-month hiatus to retool its model; August Chicago PMI is expected to remain steady at 52.1; Canada reports June and Q2 GDP; Banco de Mexico releases its quarterly inflation report; the European energy crisis continues; August eurozone CPI data came in hot; odds of a 75 bp hike at the September 8 ECB meeting continue to rise; Norges Bank will significantly increase its foreign currency purchases in September; Japan reported July IP, retail sales, housing starts, and August consumer confidence; China reported official August PMI readings
  • Upward View of One World Trade Center, NYC, with Blue Sky and Tops of Other Skyscrapers
    • Investment Management
    Portfolio Managers, Michael Keller and Nicholas Haffenreffer discuss how the U.S. Large Cap Equity portfolio companies performed over the most recent month-end.
  • ""
    August 30, 2022
    A Fed put is clearly out of the question; Canada reports Q2 current account data; Chile received a $18.5 bln FCL from the IMF; reports suggest that the EU is preparing some sort of emergency intervention in its power market; ECB Chief Economist Lane remains in the dove camp; August eurozone CPI data have started rolling out; real sector data from the eurozone remain weak; BOE data show overseas investors sold gilts aggressively in July; Hungary is expected to hike rates 100 bp to 11.75%; Japan reported solid July labor market data
  • ""
    August 29, 2022
    The only surprise out of Jackson Hole is that markets were surprised; U.S. yields continue to rise; with Jackson Hole behind them, Fed officials are likely to continue their aggressive communication efforts this week; regional Fed manufacturing surveys for August wrap up today; markets are leaning towards a 75 bp hike by the ECB at the September 8 meeting; European energy prices continue to surge; Australia reported firm July retail sales; the yuan is the weakest in two years; Malaysia reported July CPI
  • ""
    August 28, 2022
    • Investor Services
    Here's a look at the main drivers in Developed Markets this week.
  • ""
    August 28, 2022
    • Investor Services
    Here's a look at the main drivers in Emerging Markets this week.
  • The Federal Reserve building in Washington, DC
    August 26, 2022
    The Jackson Hole Economic Symposium has begun; we see risks of an asymmetrical market reaction to Powell; ahead of Powell’s speech, Fed officials remain hawkish; July core PCE data will be important; the account of the ECB’s July meeting is worth discussing; Germany reported weak September GfK consumer confidence; Japan August Tokyo CPI ran hot; RBNZ is beginning to pivot
  • Yuan, Dollar, and Euro overlapping banknotes
    August 25, 2022
    The Jackson Hole Economic Symposium begins today; regional Fed manufacturing surveys for August will continue rolling out; Banco de Mexico releases it minutes; Germany reported August IFO business climate survey and final Q2 GDP data; the account of the ECB’s July meeting will be released; Bank of Israel remains hawkish; BOJ officials remain dovish; New Zealand reported weak Q2 retail sales; China announced a massive CNY1 trln stimulus package to help shore up the economy; Korea hiked rates 25 bp to 2.5%, as expected
  • Kansas City Previous Federal Reserve Building
    August 24, 2022
    The Fed’s annual Jackson Hole Symposium begins tomorrow. While some may be looking for an explicit policy signal, we believe the Fed will leave all options open for the September 20-2 FOMC meeting. However, we expect Chair Powell and his colleagues to maintain a very hawkish tone at the symposium. We also give an overview of current U.S. economic conditions.
  • ""
    August 24, 2022
    Kashkari remains hawkish and also made some rare comments about the dollar; S&P Global preliminary August PMI readings came in weak; housing data will be closely watched; Mexico and Brazil report mid-August inflation data; ECB officials are acknowledging the risks of recession; South Africa reported July CPI; Bank of Thailand Governor Sethaput aims to keep its tightening cycle gradual
  • illustrated jungle background
    August 23, 2022
    • Investor Services
    Banks, asset managers and insurers operating in the EU will be subject to new rules intended to boost the security and resiliency of the financial sector. Adrian Whelan maps out what asset managers need to know.
  • ""
    August 23, 2022
    U.S. rates are moving higher as Fed tightening expectations adjust; we get some key survey data today; key housing data will also be reported; preliminary eurozone August PMI readings continue to weaken; preliminary U.K. August PMI readings were reported; Israel delivered a hawkish surprise ; Japan reported preliminary August PMI readings and July department store sales; Australia reported preliminary August PMI readings; Indonesia delivered a hawkish surprise with a 25 bp hike to 3.75%
  • ""
    August 22, 2022
    Chicago Fed National Activity Index for July will be the highlight; Bundesbank offered a worrisome outlook for Germany; Israel is expected to hike rates 50 bp to 1.75%; RBNZ hinted that rates may go slightly higher than forecast; China’s commercial banks cut their loan rates; trade data out of Asia were weak
  • ""
    August 21, 2022
    • Investor Services
    Here's a look at the main drivers in Developed Markets this week.
  • ""
    August 21, 2022
    • Investor Services
    Here's a look at the main drivers in Emerging Markets this week.
  • ""
    August 19, 2022
    U.S. rates continue to creep higher; the Fed debate continues; yesterday’s data were mixed; ECB officials remain hawkish; U.K. reported July retail sales and public sector net borrowing; BOE tightening expectations have risen sharply; Turkey delivered a dovish surprise; Japan reported July national CPI data; Philippine central bank is pivoting
  • ""
    August 18, 2022
    FOMC minutes tilted hawkish; July retail sales data came in mixed; regional Fed manufacturing surveys for August will continue rolling out; U.K. August GfK consumer confidence will reported; Norges Bank hiked rates 50 bp to 1.75, as expected; Turkey is expected to keep rates steady at 14.0%; Australia reported weak July jobs data; Philippines hiked rates 50 bp to 3.75%, as expected
  • Kansas City Previous Federal Reserve Building
    August 17, 2022
    FOMC minutes will be closely watched; July retail sales will be the data highlight; Canada reported July CPI data; U.K. July CPI data ran hot; final eurozone Q2 GDP data were revised lower; Japan reported July trade data and June core machine orders; RBNZ hiked rates 50 bp to 3.0% and took a more hawkish tone
  • ""
    August 16, 2022
    Markets are in an uneasy calm; July IP will be the data highlight; Canada highlight will be July CPI data; German August ZEW consumer survey was weak; U.K. reported labor market data; Israel reported strong Q2 GDP data; RBA minutes were released; China is suffering from a heat wave that is impacting the economy
  • ""
    August 15, 2022
    Markets are starting the week in risk-off mode; regional Fed manufacturing surveys for August will start rolling out; reports suggest BOE Governor Bailey would be “open to a review” of the bank’s mandate; Israel reports July CPI; Japan reported firm Q2 GDP data; China reported weak July IP and retail sales; PBOC delivers surprise rate cut
  • ""
    August 14, 2022
    • Investor Services
    Here's a look at the main drivers in Developed Markets this week.
  • ""
    August 14, 2022
    • Investor Services
    Here's a look at the main drivers in Emerging Markets this week.
  • ""
    August 12, 2022
    • Investor Services
    Fed speakers continue spreading the hawkish message; PPI data also came in on the soft side; preliminary August University of Michigan consumer sentiment will be today’s data highlight; monthly U.K. data dump began; eurozone June IP was reported; Sweden reported July CPI; Taiwan revised Q2 GDP growth slightly lower; India reports July CPI and June IP
  • ""
    August 11, 2022
    • Investor Services
    Markets are still digesting yesterday’s CPI data; July PPI will be reported today; Fed tightening expectations continue to adjust; Fed speakers continue spreading a very hawkish message; the heavy slate of Treasury issuance this week concludes; Mexico is expected to hike rates 75 bp to 8.50%; Peru is expected to hike rates 50 bp to 6.50%; German Chancellor Scholz promised more relief for its citizens; PBOC has pivoted and further easing now seems unlikely
  • ""
    August 10, 2022
    • Investor Services
    Fed speakers will continue spreading the hawkish message; July CPI will be the highlight; the heavy slate of Treasury issuance this week continues; U.K. energy outlook continues to deteriorate; despite the gloomy macro outlook, the BOE is set to continue tightening as inflation spirals ever higher; Norway reported July CPI; Japan reported July PPI; China reported July CPI and PPI; Thailand hiked rates 25 bp to 0.75%, as expected
  • ""
    August 09, 2022
    • Investor Services
    The lack of follow-through for the dollar is disappointing; the next big Fed event will be its Jackson Hole Economic Symposium; Fed tightening expectations still need to adjust; Mexico reports July CPI; Brazil central bank minutes will be released; BOE Deputy Governor Ramsden said interest rates will have to rise further to help limit inflation; Hungary reported July CPI; Japan reported July machine tool orders
  • Road way location Infographic with pin pointers
    August 09, 2022
    • Private Banking
    Senior Wealth Planner Kerri Mast discusses qualitative matters related to business succession, focusing on the importance of family values.
  • "Top 10" written on chalk board
    August 09, 2022
    • Private Banking
    Selecting a private wealth manager requires one to answer a multitude of questions before making a final decision. In this commentary, Jacob Turner discusses the 10 most critical considerations high-net-worth individuals must make when hiring a private wealth manager.
  • ""
    August 08, 2022
    • Investor Services
    Markets are still digesting last week’s blockbuster jobs report; Fed tightening expectations continue to adjust; higher U.S. yields continue to support the dollar; U.K. households are facing even greater energy bills; despite the gloomy outlook, the BOE is set to continue tightening as inflation spirals ever higher; Czech central bank Governor Michl signaled the end of the tightening cycle, at least for now; Japan reported June current account data; China reported July trade and foreign reserves data
  • ""
    August 07, 2022
    • Investor Services
    Here's a look at the main drivers in Developed Markets this week.
  • ""
    August 07, 2022
    • Investor Services
    Here's a look at the main drivers in Emerging Markets this week.
  • U.S. Dollars and hourglass
    August 05, 2022
    • Investor Services
    Fed officials continued their communication push; Fed tightening expectations should move higher; the July jobs report is the main event; Canada also reports July jobs data; several eurozone countries reported June IP; BOE hiked rates 50 bp to 1.75%, as expected; updated forecasts were grim; Czech Republic delivered a dovish surprise and kept rates steady at 7.0%; Japan reported firm June labor cash earnings and household spending; RBA released its Statement on Monetary Policy; India hiked rates 50 bp to 5.40% vs. 35 bp expected
  • Bank of England with UK flag, The historical building in London, UK
    August 04, 2022
    • Investor Services
    Fed officials continue to push back against the perceived pivot; U.S. yields have surged as a result; ISM reported firm services PMI readings for July; Brazil hiked rates 50 bp to 13.75%, as expected; Germany reported weak June factory orders; ECB tightening expectations remain depressed; BOE is expected to hike rates 50 bp to 1.75%; Czech Republic is expected to hike rates 25 bp to 7.25%; Australia reported firm June trade data
  • Illuminated staircase
    August 03, 2022
    • Investor Services
    As the investment landscape in Japan continues to evolve, BBH Relationship Manager Tomoko Kenny asks SMTAM's David Semaya how his firm is addressing three global themes and how Western asset managers can enter this market with the help of industry partners.
  • Facade on the Federal Reserve Building in Washington DC
    August 03, 2022
    • Investor Services
    As we expected, Fed officials are pushing back hard against the pivot theme; ISM July services PMI reading is the main event; Brazil is expected to hike rates 50 bp to 13.75%; data suggest the ECB has already activated its first line of defense against fragmentation; final eurozone and U.K. services and composite PMIs were reported; Turkey reported July CPI; Japan reported weak final July services and composite PMIs; New Zealand reported mixed Q2 jobs data; Caixin reported final China July services and composite PMI
  • ""
    August 02, 2022
    • Investor Services
    Fed speakers will be closely scrutinized this week; inflation expectations have risen after the perceived Fed pivot; July ISM manufacturing PMI was solid; German electricity prices are setting new record highs; ECB tightening expectations remain depressed; regional tensions remain high as U.S. House Speaker Pelosi visits Taiwan; reports suggest Japan will propose a record hike in the minimum wage; RBA hiked rates 50 bp to 1.85%, as expected; tightening expectations are adjusting accordingly after the pivot
  • ""
    August 01, 2022
    • Investor Services
    We think Fed officials will push back against the market’s dovish take on its decision; the U.S. rates market continues to price in gloom and doom; ISM reports July manufacturing PMI; eurozone final July manufacturing PMI readings were reported; Germany continues to weaken; Caixin reported soft China July manufacturing PMI; Hong Kong reported weak Q2 GDP data
  • Owner to Owner summer issue publication cover
    August 01, 2022
    • Private Banking
    In this issue of Owner to Owner, we look at considerations when transferring private business shares to the next generation, discuss what business owners should be thinking about in this inflationary economy, examine QSBS elections and provide an overview of industrial revenue bonds.
  • Multi exposure of abstract virtual financial graph hologram on blurry skyline background, forex and investment concept
    • Private Banking
    Thomas Martin, Neriah Ray-Saunders and Christine Hourihan provide an overview of the economy, credit markets and private equity and mergers and acquisitions markets
  • Business people merge the chain-Link concept
    • Private Banking
    Ali Hutchinson, a BBH senior wealth planner, and Ben Persofsky, the executive director of the BBH Center for Family Business, discuss the different methods for transferring shares in a private business to the next generation and cover the implications families need to consider from both a corporate and tax angle.
  • businessman pulling open calm sea curtain covered dark stormy ocean background
    August 01, 2022
    • Private Banking
    John Secor and Ajit George of our Corporate Advisory team look at challenges business owners are facing in this inflationary economy and discuss how they can navigate this uncertainty.
  • A magician holding a magic wand over a hat iwith flares of light coming out of it.
    August 01, 2022
    • Private Banking
    The tax benefits for investing in or founding certain startup businesses can be incredible. Not all investors or founders can take advantage of these benefits, but for those who can, millions of dollars of tax can be saved – and with proper planning, potentially even more.
  • Cover - as rates rise
    August 01, 2022
    • Private Banking
    Justin Capozzi and John Wert of our Corporate Advisory & Banking team discuss industrial revenue bonds, a creative tool in the marketplace available to U.S. manufacturing companies for domestic capital expenditures.
  • Close-up of an art canvas with blue and white paint brushstrokes on it
    August 01, 2022
    • Private Banking
    For those hesitant to create an estate plan, Wealth Planner Ali Hutchinson discusses tax-efficient options for transferring wealth to future generations or charity that require no long-term commitment, trusts or legal fees.
  • ""
    July 31, 2022
    • Investor Services
    Here's a look at the main drivers in Developed Markets this week.
  • ""
    July 31, 2022
    • Investor Services
    Here's a look at the main drivers in Emerging Markets this week.
  • Upward View of One World Trade Center, NYC, with Blue Sky and Tops of Other Skyscrapers
    • Investment Management
    Portfolio Managers, Michael Keller and Nicholas Haffenreffer discuss how the U.S. Large Cap Equity portfolio companies performed over the most recent month-end.
  • US Dollar on financial screen
    July 29, 2022
    • Investor Services
    We got our first look at Q2 GDP and it wasn’t pretty; the GDP data means absolutely nothing with regards to Fed policy; June core PCE data will be important; July Chicago PMI will also be closely watched; July eurozone CPI readings came in very hot; Q2 eurozone GDP data came in stronger than expected; July Tokyo CPI was reported; BOJ board members remain worried about downside risks; given the long-standing monetary policy divergence, we can only explain the recent yen strength as a positioning washout; China reports official July PMI readings Saturday local time
  • ""
    July 28, 2022
    • Investor Services
    The two-day FOMC ended with a 75 bp hike to 2.50%; market expectations for Fed tightening are diverging; Powell was suitably hawkish during his press conference; and reiterated the Fed’s laser focus on inflation; we get our first look at Q2 GDP; it looks like some fiscal stimulus is coming in the U.S. after all; eurozone confidence continues to plunge in July; ECB officials are starting to acknowledge recession risks; July eurozone CPI readings will start to roll out; BOJ Deputy Governor Amamiya sees wage gains picking up next year; Australia reported soft June retail sales
  • A yield sign in dappled sunlight and set in a park during winter.  Bare trees and clear blue sky.
    • Investment Management
    As the Fed tightens monetary policy, the yield curve inverted, as it did before every recession since 1970. But does this mean a recession is imminent?
  • Federal Reserve Cloudy Day
    July 27, 2022
    • Investor Services
    The Fed is widely expected to hike rates 75 bp to 2.50%; the press conference will be key; we think markets are setting themselves up for disappointment; the U.S. rates market continues to price in doom and gloom ahead of the FOMC decision; reports suggest Russia is likely to continue limiting natural gas shipments to Europe; markets are still repricing ECB tightening; German GfK consumer confidence was reported for August; the U.K. race for Tory leadership is sharpening up; Australia reported mixed Q2 CPI data
  • Spanish dictionary out of focus with area in focus by magnifying glass. Presbyopia. Older people
    July 26, 2022
    • Investor Services
    In September 2022, the final phase of the regulation on posting and collecting collateral as initial margin for OTC derivatives takes effect and will mainly impact the pension fund and traditional asset manager community. Derek Coyle discusses the scope of the sixth and final phase of the Uncleared Margin Rules (UMR).
  • Kansas City Previous Federal Reserve Building
    July 26, 2022
    • Investor Services
    The two-day FOMC starts today and the Fed is widely expected to hike rates 75 bp to 2.50%; June Chicago Fed NAI is concerning; Brazil reports mid-July IPCA inflation; Russia announced plans to cut gas flow through the Nord Stream pipeline; the eurozone was already weakening and now the threat of gas shortages has risen dramatically; Hungary is expected to hike the base rate 100 bp to 10.75%; Japan’s Cabinet Office raised its monthly economic assessment in for the first time in three months; the RBNZ is reviewing its monetary policy response to the pandemic
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    • Private Banking
    BBH Chief Investment Officer Suzanne Brenner and Deputy Chief Investment Officer Justin Reed review the markets and provide an update on our current portfolio positioning and priorities.
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    July 25, 2022
    • Investor Services
    U.S. rates are inching higher but continue to price in doom and gloom ahead of the FOMC meeting that begins tomorrow; June Chicago Fed NAI will be watched closely for further signs of recession; regional Fed manufacturing surveys for July will continue rolling out; ECB officials continue to send mixed messages; Germany remains the weak link in the eurozone; U.K. CBI released the results of its July industrial trends survey; new BOJ board member Takata said the economy still needs policy support; Singapore reported June CPI
  • Full cover of the Summer 2022 issue of Women and Wealth Magazine
    July 25, 2022
    • Private Banking
    In this issue of Women & Wealth Magazine, we focus in on the value of communication as it relates to a range of subjects. We look at the criticality of intergenerational communication around wealth values, cover skills to teach our girls so they can thrive, discuss how to support a grieving friend and share guidance around how we can prepare ourselves to live in a world with more frequent disasters.
  • Giant red heart of money held by hands
    July 25, 2022
    • Private Banking
    Adrienne Penta, executive director of the BBH Center for Women & Wealth, re-examines the criticality of intergenerational communication around wealth values. She discusses three steps for families to use in articulating, living and communicating their essential values.
  • Two girls are playing chess in the garden on the grass. An old wooden chessboard with pieces. Children's games on vacation. The rules of the game. Logical thinking. Think through the moves of the game
    July 25, 2022
    • Private Banking
    Dr. Marisa Porges, head of school at the Baldwin School, discusses how we can teach girls the skills they need to thrive in today’s workplace.
  • Couple Standing Under Tree With Backs To Camera Overlooking Ocean
    July 25, 2022
    • Private Banking
    BBH Senior Advisor Ellen Perry provides lessons learned from the recent illness and death of her husband on how to show up and support friends who are grieving.
  • Juliette Kayyem
    July 25, 2022
    • Private Banking
    In “Five Questions,” Juliette Kayyem, national security expert and author, shares guidance on how we can better prepare ourselves to live in a world with more frequent disasters.
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    July 24, 2022
    • Investor Services
    Here's a look at the main drivers in Developed Markets this week.
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    July 24, 2022
    • Investor Services
    Here's a look at the main drivers in Emerging Markets this week.
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    July 22, 2022
    • Investor Services
    The U.S. rates market continues to price in doom and gloom; regional Fed manufacturing surveys for July have been mixed; Mexico reports mid-July CPI; the ECB delivered a hawkish surprise; it also announced the creation of the so-called Transmission Protection Instrument (TPI); market sentiment waned as Madame Lagarde conducted her press conference; Italian political uncertainty has risen; preliminary eurozone July PMI readings came in weak; U.K. data came in slightly firmer than expected; Russia delivered a dovish surprise; South Africa delivered a hawkish surprise; Japan reported June national CPI data; Japan and Australia reported weak preliminary July PMI readings
  • July 21, 2022
    • Investor Services
    Capital and macro markets continue to present market participants and policymakers with a complex and dynamic environment that requires their flexibility to adapt. BBH’s securities lending team provides a mid-year assessment and outlook for H2 2022.
  • Euro-Symbol Statue in Frankfurt
    July 21, 2022
    • Investor Services
    It’s all about the ECB today; regional Fed manufacturing surveys for July will continuing rolling out; the ECB is widely expected to hike rates 25 bp; Italian politics have entered a dangerous new phase; the U.K. political outlook has gotten some clarity but the next Tory leader will inherit a terrible situation; South Africa is expected to hike rates 50 bp to 5.25%; Turkey kept rates steady at 14.0%, as expected; the two-day BOJ meeting ended with a dovish hold; Indonesia kept rates steady at 3.5%, as expected
  • Aerial view of heavy truck on a narrow twisting road
    July 20, 2022
    • Investor Services
    Managers and distributors are increasingly obligated to engage investors on their ESG appetite. Adrian Whelan sets out the MiFID II Sustainability Preferences and other factors that firms should consider.
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    July 20, 2022
    • Investor Services
    The slope of the U.S. yield curve is getting more concerning; Canada highlight will be June CPI data; reports suggest the ECB may consider a 50 bp hike tomorrow; other reports suggest the ECB is struggling to reach a compromise on its new anti-crisis tool; we see four possible outcomes tomorrow; Italian politics remain in flux ahead of a planned confidence vote today; the U.K. political outlook continues to solidify; the two-day BOJ meeting began today
  • Full cover of the Summer  20212 InvestorView Magazine.
    July 18, 2022
    • Private Banking
    InvestorView looks at investing through market volatility, blockchain and the cryptoasset ecosystem, the increasing integration of investing and philanthropy and private air travel options and considerations.
  • July 18, 2022
    • Private Banking
    In the feature article of this issue of InvestorView, BBH Chief Investment Strategist Scott Clemons looks at investing in a perpetual state of uncertainty. He looks at the implications for asset allocation and investment implementation and in the end reminds us that price volatility is the friend of the patient and disciplined investor.
  • Abstract depiction of blockchain.
    • Private Banking
    We speak with Chief Investment Officer Suzanne Brenner and Deputy Chief Investment Officer Justin Reed to get a closer look at blockchain and the cryptoasset ecosystem.
  • Illustration of woman overlooking her investments.
    July 18, 2022
    • Private Banking
    BBH Chief Investment Officer Suzanne Brenner and Director of Philanthropic Advisory Kerri Mast discuss the ways in which the worlds of investing and philanthropy are becoming more integrated.
  • Private plane on tarmac.
    July 18, 2022
    • Private Banking
    Travel by private aircraft offers a multitude of benefits; however, these advantages come at a price. Stacia Kroetz and Lindsay Hodgkins evaluate ownership options and related financial, legal, tax and regulatory matters for those considering private air travel.
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    July 17, 2022
    • Investor Services
    Here's a look at the main drivers in Developed Markets this week.
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    July 17, 2022
    • Investor Services
    Here's a look at the main drivers in Emerging Markets this week.
  • July 12, 2022
    • Private Banking
    In this video, BBH Chief Investment Strategist Scott Clemons discusses current market dynamics, explains how to calculate your organization’s unique spending rate, and provides tangible solutions to organizations grappling with these issues.
  • National flag of United States of America dollar
    July 11, 2022
    • Investment Management
    Ranked among the highest state tax rates in the nation, it is not surprising that many residents of New York and California demand in-state bonds. The key question is whether the benefit of saving some state tax outweighs the better risk-adjusted return potential of a broader national opportunity set?
  • Chess pieces on a digital board.
    July 11, 2022
    • Investor Services
    Nick King, Head of ETFs at Fidelity International, heeds the findings of the BBH ninth annual global ETF investor survey.
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    July 03, 2022
    • Investor Services
    Here's a look at the main drivers in Developed Markets this week.
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    July 03, 2022
    • Investor Services
    Here's a look at the main drivers in Emerging Markets this week.
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    July 01, 2022
    • Investor Services
    U.S. yields remain depressed on recession fears; the U.S. yield curve is flattening but nowhere near inverting; ISM manufacturing PMI will be today’s data highlight; June eurozone CPI came in hot; yet ECB tightening expectations have softened; Japan reported June Tokyo CPI; Q2 Tankan survey was mixed; the Antipodean currencies remain under pressure; Caixin reported its June manufacturing PMI
  • Image of skyscrapers and modern wavy figure taken from down below with a clear blue sky and shining sun
    • Investment Management
    Portfolio Managers, Neil Hohmann, Chris Ling and Andrew Hofer provide the most recent quarter-end results of the Structured Fixed Income strategy.
  • Upward View of One World Trade Center, NYC, with Blue Sky and Tops of Other Skyscrapers
    • Investment Management
    Portfolio Managers, Nicholas Haffenreffer & Michael Keller, discuss how the U.S. Large Cap Equity portfolio companies performed over the most recent quarter-end.
  • people wearing surgical masks
    June 30, 2022
    • Private Banking
    Senior Wealth Planner Kerri Mast discusses effective board governance during complex and uncertain times.
  • U.S. Dollars and hourglass
    June 30, 2022
    • Investor Services
    Fed Chair Powell made some rare comments about the dollar; Chicago PMI will be today’s highlight; May core PCE will be closely watched; Colombia is expected to hike rates 150 bp to 7.5%; BOE Governor Bailey did sterling no favors; the Riksbank hiked rates 50 bp to 0.75%, as expected; Japan reported weak May IP and housing starts data; China reported strong official June PMI readings
  • Upward View of George Washington Bridge Tower on Sunny Day
    June 30, 2022
    • Investment Management
    Portfolio Manager, Gregory Steier, provides an analysis of the investment environment and most recent quarter-end results of the Municipal Fixed Income strategy.
  • Close-up of the Federal Reserve building taken from down below with large gunmetal sconces and an American flag above the arched window
    June 30, 2022
    • Investment Management
    Portfolio Co-Managers, James Evans & Jorge Aseff, provide an analysis of the investment environment and most recent quarter-end results of the Inflation-Indexed Fixed Income strategy.
  • Upward View of Washington Square Monument on Cloudy Day
    • Investment Management
    Co-Portfolio Managers, Andrew Hofer, Neil Hohmann and Paul Kunz provide an analysis of the investment environment and most recent quarter-end results of the Taxable Fixed Income Strategy.
  • Upward View of One World Trade Center, NYC, with Blue Sky and Tops of Other Skyscrapers
    • Investment Management
    Portfolio Managers, Nicholas Haffenreffer and Michael Keller, provides the most recent quarter-end results of the US Large Cap Equity Strategy.
  • Image of skyscrapers and modern wavy figure taken from down below with a clear blue sky and shining sun
    • Investment Management
    Portfolio Managers, Neil Hohmann, Andrew Hofer, and Chris Ling provide an analysis of the investment environment and most recent quarter-end results of the Structured Fixed Income strategy.
  • Upward View of George Washington Bridge Tower on Sunny Day
    June 30, 2022
    • Investment Management
    Portfolio Manager, Gregory Steier, provides an analysis of the investment environment and most recent quarter-end results of the Municipal Fixed Income strategy.
  • NY Public Library with a Stone Lion
    • Investment Management
    Co-Portfolio Managers, Andrew Hofer, Neil Hohmann and Paul Kunz provide the most recent quarter-end results of the Multisector Fixed Income Strategy.
  • Facade of the Manhattan Municipal Building in Manhattan, New York City
    June 30, 2022
    • Investment Management
    Co-Portfolio Managers, Andrew Hofer and Neil Hohmann provide the most recent quarter-end results of the Limited Duration Fixed Income Strategy.
  • Euro-Symbol Statue in Frankfurt
    June 29, 2022
    • Investor Services
    Fed officials remains hawkish; regional Fed manufacturing surveys for June were uniformly weak; reports suggest the internal debate about the ECB crisis tool continues; June eurozone CPI readings take center stage; Hungary delivered a hawkish surprise; Japan reported May retail sales and June consumer confidence; Australia reported strong May retail sales
  • Cricketers playing in a cricket match
    June 28, 2022
    • Investor Services
    The Network Forum Annual Meeting took place in person, for the first time since the pandemic, at London’s famous cricketing venue, The Oval, to assess new opportunities and risks and how to navigate seven major industry developments. Janet Du Chenne and Sinead McIntosh report.
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    June 28, 2022
    • Investor Services
    Fed tightening expectations have steadied but remain off the recent highs; regional Fed manufacturing surveys for June will wrap up; ECB President Lagarde affirmed plans to hike rates July 20; Brexit tensions are picking up; Hungary is expected to hike the base rate 50 bp to 6.40%; China cut the required quarantine times for international arrivals; PBOC Governor Yi pledged to maintain stimulus
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    June 27, 2022
    • Investor Services
    Fed tightening expectations have steadied but remain off the recent highs; most ECB speakers this week are centered around the ECB forum that begins tonight in Sintra; while the ECB has a single mandate of price stability, it has an unofficial second mandate of fighting so-called fragmentation; Brexit remains in the headlines; the summary of discussions from the June 16-17 BOJ meeting suggests there is no rush to remove accommodation
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    June 26, 2022
    • Investor Services
    Here's a look at the main drivers in Developed Markets this week.
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    June 26, 2022
    • Investor Services
    Here's a look at the main drivers in Emerging Markets this week.
  • Drone view at windpark westermeerdijk a windmill farm in the lake IJsselmeer the biggest in the Netherlands
    June 24, 2022
    • Investor Services
    Simo Liu sits down with Adrian Whelan to discuss three ESG themes including global taxonomies, corporate governance and point of sale rules.
  • US Dollar on financial screen
    June 24, 2022
    • Investor Services
    U.S. yields remain low as recession fears rise; the U.S. yield curve is flattening but nowhere near inverting; Fed Chair Powell broke no new ground in his testimony before the House; Mexico hiked rates 75 bp to 7.75%, as expected; June German IFO business climate came in soft; U.K. reported soft May retail sales; U.K. politics are heating up; Japan reported May national CPI readings
  • Five hands holding numbered hearts
    June 24, 2022
    • Private Banking
    Senior Wealth Planner Kerri Mast discusses the steps to take to establish a new charitable organization.
  • Glass jar with rolled-up euro bills
    June 23, 2022
    • Investor Services
    Fed Chair Powell finally acknowledged recession risks are building; Fed expectations are pretty much unchanged after Powell; yet U.S. yields are falling again as risk-off impulses build; Mexico is expected to hike rates 75 bp to 7.75%; eurozone reported weak preliminary June PMI readings; ECB tightening expectations have eased; Norway hiked rates 50 bp to 1.25%; Turkey kept rates steady at 14.0%, as expected; former head of FX policy at Japan’s Finance Ministry Takehiko Nakao said markets shouldn’t rule out unilateral intervention