Vanguard has adjusted its outlook for U.S. interest rate policy in 2019. Global Chief Economist Joe Davis explains why the Federal Reserve is likely to raise rates only once this year.
Vanguard Chief Economist Joe Davis sees the Federal Reserve ending this rate-hiking cycle at around 3% next year.
Vanguard Chief Economist Joe Davis on how stocks and bonds are likely to react as interest rates continue to rise.
Vanguard Chief Economist Joe Davis sees inflation heading higher, but not too high. Given the moderate outlook for growth and inflation longer-term, the Fed is unlikely to begin raise rates aggressively.
Vanguard Chief Economist Joe Davis looks at the paradox of stagnating productivity and technological innovation.
Vanguard Chief Economist Joe Davis sees Powell facing a new communication challenge—making clear that market conditions warrant higher rates, but not too much higher.
The demographic changes occurring in the United States will not have a negative impact on future stock returns. The clearest path to financial success is still an investment strategy focused on discipline, diversification, and patience.