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Why is the Fed still negative on negative interest rates?

The European Central Bank (ECB) and the Bank of Japan (BoJ) both have negative rates. So why hasn’t the Federal Reserve (the Fed) followed suit? At a time when Covid-19 has brought world economies to a halt—and top government officials even argue in favor of negative interest rates —this is the question.

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Newton Global Income update Q&A

Managers on the BNY Mellon global income strategy discuss the new team structure and its dynamic amid a deteriorating dividend environment. Here they outline how the Newton team are interacting and what changes, they have made since assuming control of the strategy in early June.

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Are we running out of policy ammo?

As commentators ponder what economic options are left to fight Covid-19, experts from BNY Mellon Investment Management offer their views on the future direction of fiscal and monetary stimulus.

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What policy space is left to sustain economic recovery?

With the magnitude of policy loosening adopted to counter the fallout from Covid-19, many are wondering what economic policy options are left, both if further stimulus were to be required in the near future – and to advance those medium term goals that were high on the policy agenda prior to Covid-19.

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Japan and Covid-19: A tale of policy firepower

Japanese policymakers have pulled out all the stops in response to the Covid-19 crisis with a combined fiscal and monetary package harking back to the early days of Abenomics. As the country continues along the path to normality, fund manager Miyuki Kashima looks ahead to life after lockdown.

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Eastern promise?

Asian nations such as China are among some of the biggest polluters on the planet but are also, paradoxically, also some of the countries most committed to renewables. While Asia still has a long way to climb up the ESG ladder, the steps they are implementing could set the right pace for a brighter future, creating a range of potential new opportunities for investors.

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Banknotes Euro

Will the ECB get some breathing room this summer?

In June, the European Central Bank (ECB) expanded what was already a sizable asset purchasing program. As it has turned its back on further rate cuts, does it still have the policy ammunition needed to prop up one of the pandemic’s biggest economic victims?

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Covid-19: A fund manager’s diary

Before the momentous events of Q1 and Q2, few investors were prepared for a pandemic that derailed global growth. Here, Walter Scott fund manager Murdo Maclean provides his account of how events unfolded and what steps his team took to safeguard their holdings.

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Investing in a post-Covid-19 world

Earlier this month, BNY Mellon Investment Management’s chief economist Shamik Dhar spoke with Newton Real Return investment leader Suzanne Hutchins to get her take on central banks’ responses to the Covid-19 crisis and how investors can best navigate towards a post-pandemic world.

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Global equities: A rough road ahead?

Investors in global equities have endured a bumpy ride since the start of the year as sell-off gave way to partial recovery amid bouts of ongoing volatility. Here ,Walter Scott fund manager Roy Leckie and BNY Mellon Investment Management chief economist Shamik Dhar offer some pointers to the road ahead.

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Fixed income investors weigh shifting default picture

Indiscriminate market sell-offs and bouts of volatility have hit credit investors across many fixed income sectors in 2020 but, as markets settle, just what lies ahead for bond markets? Here, Newton head of fixed income Paul Brain takes stock of the evolving credit outlook.

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Crashing waves

Can muni bonds weather the lockdown storm?

Revenue shortfalls, higher social services costs, and lower tax revenues are just some of the challenges for US Municipalities – but that doesn’t necessarily mean their credits will suffer, argue the BNY Mellon Municipal Bond team.

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