Chief U.S. Economist Lara Rhame's updated breakdown of the virus and market volatility

Recent market volatility points to heightened uncertainty surrounding the COVID-19 outbreak.

COVID-19, a new coronavirus, is showing potential of developing into a pandemic, and the news flow is delivering a steady stream of concerning updates.

In this note, we attempt to measure the impact of specific industry shutdowns and outline uncertainties around knock-on effects on consumer spending, business investment and the efficacy of stimulus.

Is a Fed rate cut on the horizon? See how recent global inflation dynamics could cause further troubles for income-oriented investors.

As the Fed begins to tighten monetary policy, our chart looks at the VIX through various Fed policies over the past 15 years.

Investors have bet on a Fed pivot recently. Yet, this week’s chart looks at market-based expectations for the Fed funds rate, which have kept rising.

This week’s chart looks at market-based expectations for Fed rate cuts, which have increasingly run counter to policymakers’ intentions.

Mortgage rates have hit a new high as housing inventory remains depressed. This week’s chart looks at why this could buoy multifamily CRE.