MACRO & INVESTING
Macro and markets commentary, investing strategy
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MACRO | ECONOMICS
U.S. trade policy, mixed economic signals, and fiscal uncertainty is driving equity market volatility. This report is the third edition in a three part series looking at the forces shaping global markets. In this edition, BNY Investments believes that while equity markets were resilient going into the summer, volatility will persist. Learn more from BNY Investments.
MACRO | OUTLOOK
BNY Investment Institute examines the global macroeconomic landscape at a pivotal moment: where policy determines how the economy navigates between resilience and retreat. The latest quarterly economic outlook explores potential scenarios for the U.S economy, for growth, inflation and policy, and potential effects across major asset classes. Learn more from BNY Investments.
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Views | Risk & Resiliency
A path to a more resilient U.S. Treasury market: Leverage ratio reform
Analysis | Alternatives
Views | Clearing & Settlement
Views | Technology & Innovation
Trends | Payments
MACRO | OUTLOOK
The second quarter of 2025 underscored a pivotal shift in the global economic and financial landscape. iFlow's Q2 quarterly report reviews key events such as the limits of the U.S. ability to run budget deficits, increased risk of steeper yield curves, fiscal constraints tempering LatAm carry appeal, limits to EUR gains, and ongoing pressure for Asian FX and bond adjustments.
MACRO | OUTLOOK
Our experts examine key events that impacted markets in the first half of 2025 – including policy shifts, tariff expectations and international relations – and how they have changed the economic outlook for the year.
MACRO | CHART OF THE WEEK
This year has been characterized by policy uncertainty and fears about the potential impact of tariffs on inflation. While many expected the consumer would crack amid weaker sentiment, it hasn’t happened yet. Retail sales remain resilient, supported by a job market that remains good enough to support spending. Learn more from BNY Wealth.
MACRO | OUTLOOK
Sinead Colton Grant, BNY Wealth Chief Investment Officer, outlines what economic and market fundamentals are signaling and what that might mean for growth, equity and bond markets the rest of the year. Learn more from BNY Wealth.