Meet the Team

Markets and Economy

Nationwide’s Chief of Investment Research and the Nationwide Economics team offer daily and weekly commentary and analysis of the equity and bond markets, including an overview of economic data being released, global market news, commodities and market performance by index returns. These timely insights can help you navigate markets and understand emerging trends.

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Economic Commentary

Rapid inflation threatens to derail the expansion as the Fed hikes sharply again

Inflation spiked again for May and measures of inflation expectations rose as prices continued to rise sharply across a broadening portion of the economy. The Fed is committed to getting inflation under control, announcing a sharp 75 basis point rate hike at the June FOMC meeting with a similar increase likely in July, too. Can the Fed successfully bring inflation back within bounds without sending the economy into a recession in coming years? That is the big question driving the volatility in interest rates and equity markets. 

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Capital Market Impact

Markets stage impressive bounce as focus shifts from inflation to growth

Volatility remains intense, with three consecutive weeks with 5% directional moves for the first time since the early stages of the pandemic. The focus of investors has subtly shifted from inflation to growth concerns as the Fed aggressively removes accommodation. The second quarter ends Thursday, with the S&P 500 on pace for a loss of nearly 14% and the Bloomberg US Aggregate Bond Index losing 6%.