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Year-end brings policy uncertainty and liquidity challenges for US money markets, with a possible new FOMC chair and rate shifts adding intrigue to December.
We’ve revised our 2026 US macro outlook: Higher energy prices will likely push headline inflation higher, growth should remain resilient. We expect no Fed cuts in 2026.
Geopolitical risk dominated April FX, with Iran tensions and oil volatility. We turned tactically positive on the USD amid resilient US growth and uncertainty.
Emerging markets have grown more resilient, according to the Templeton Global Macro team, and the Iran-driven oil shock is a fresh test. Impacts will likely diverge between oil importers and export...
Mind the gap: What 1,000 senior executives teach us about supply chain risk, and why parts of the insurance market are still catching up
The US-Iran war created a significant negative supply shock for the global economy. Franklin Templeton Institute explores the implications for monetary policy and fixed income investors.
In contrast to many securitised credit sectors, the US Agg captures very little credit spread income relative to its duration.
PEI 2026/27 budget forecasts rising deficits and higher debt, adds a new 20% top income tax over $200K, plus non resident property and insurance tax hikes.
The US outlook has been branded with a new scarlet letter: a K. The prevailing narrative describes a “K-shaped” economy overly reliant on consumption by high-income households. According to Frankli...
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