Emin Hajiyev, CFA | Source | Senior Economist at Insight Investment
Emin Hajiyev, CFA
Emin Hajiyev is a Senior Economist at Insight Investment; he is an experienced macro and investment research professional with a wide array of skills from top-down macro research to bottom-up security analysis. Specialties: US and global macro, thematic research and thematic investing.
-
What’s the outlook for inflation hitting the Fed’s 2% target?
The path to lower inflation will likely be bumpy and protracted which may, at times, feel like one step forward and two steps back. Curbing the PCE inflation rate from 4.4% to 2% may be more challenging than curtailing it from 7% to 4%. Barring rapid disinflation caused by a recession, we may not see inflation at around 2% until the second half of 2024.What are the challenges for inflation hitting the 2% target? Is this attainable in 2023, or in the first half of 2024?
Looking forward, we are keeping our eyes on the signs of further softening in labor market conditions. For example, we saw a meaningful increase in the number of Americans filing for unemployment benefits compared to levels seen late last year. Generally, the labor market is still fairly tight, with the unemployment rate near historic low levels at 3.7%.
-
Munis underperform, pushing valuations higher on short end
Outflows from municipal bond mutual funds intensified as Refinitiv Lipper reported $846.116 million was pulled from them as of Wednesday after $92.055 million of outflows the week prior.
Article -
FOMC likely to skip June, but hike interest rates in July, analysts say
Analysts agree with the market that the Federal Open Market Committee will hold rates in a range of 5% to 5.25%, but guidance will suggest a future hike.
Article
-
Insight Investment (https://www.insightinvestment.com/)
Senior Economist
started Mar 2023