Americas CIO View

Revisiting R^: How does the fiscal deficit affect the neutral Fed Funds rate?

Frank Kelly Special | July 7, 2025

By: Francis (Frank) J. Kelly

One Big Reconciliation Bill done. Two more to go?

Will there be a U.S. debt crisis?

A look at the risks that the U.S. debt trajectory could become dynamically unstable

Currency Hedging: how has it worked and how might it work going forward?

By: Jason Chen

No massive sell-off of U.S. securities

Foreign investors reduced their holdings of U.S. assets in April, but only to a very small extent

Critical minerals at the center of geopolitical tensions

Competition for raw materials vital for the energy transition is intensifying

Japanese bond yields have risen sharply

We believe that fears of JGB weakness spreading to other government bonds appear to be exaggerated.

Still constructive

Cautiously optimistic: Our forecasts for the next 12 months

Americas CIO View

Foreign investors rethink US assets, but the S&P 500 is global and digital

German Bunds with renewed appeal

They have a balanced risk/return profile and look attractive compared to U.S. Treasuries

Making hay - outlook still sunny in Spain?

Despite some clouds gathering, we remain optimistic about Spain’s economic prospects. Investment in machinery and equipment has been especially encouraging in Q1 2025.

APAC CIO View

Is Asia Self-sufficient in Times of Deglobalization?

DWS Long View Q1 - 2025

By: Jason Chen, Dirk Schlüter, Ajay Chaurasia

Moving targets

Despite recent signs of de-escalation, trade uncertainty and expected higher prices appear set to take a toll on the U.S. economy.

Recession odds remain elevated

Uncertainty and higher prices expected to take a toll on the economy.