Macroeconomic Outlook for 2022 and Beyond
Please join us at our event on
Tuesday, April 26, 2022 at 6:15 PM
As we entered the second quarter of 2022, the U.S. data continued to point to signs of economic resilience, including solid payroll and labor force participation trends, positive real corporate profits growth, and strong corporate and household balance sheets. As equity markets have continued their recent recovery since Russia’s invasion of Ukraine, the bond markets reflect the mounting pressure over the more pessimistic outlook for economic growth and focus of impending Federal Reserve policy direction. With the yield curve for 2- and 10-year Treasuries inverting in late March, rising recession worries are top of mind for the asset management community. At the same time, inflation continues to be a source of investor angst in these turbulent times. Heightened market volatility reflects slowing global economic growth as the result of Russia-Ukraine war and the prospect of a swifter sequence of rate rises from the Federal Reserve to combat four-decade-high inflation prints. The question remains whether the risk of an abrupt slowdown or recession has increased as result. On the other hand, what are the chances for a soft economic landing and still-constructive view on risk assets?
To help us understand what this means for investors, we are fortunate to have an all-star panel of seasoned industry experts to walk us through the economic and investing outlook for 2022 and beyond.
Darrell Cronk is chief investment officer for Wealth & Investment Management (WIM), a division of Wells Fargo & Company comprised of Wells Fargo Advisors and Wells Fargo Private Bank. He also serves as president of Wells Fargo Investment Institute (WFII) and leads WIM’s Investment Solutions teams responsible for market strategy and content, asset allocation, manager and securities research, portfolio management, investment risk, investment products, trading, investment implementations, and Wells Fargo’s retirement plans.
William Lee is Milken Institute’s Chief Economist. He leads the Institute’s efforts for improving capital market functioning, access, and stability. Before Milken, he was managing director and chief US economist for Citi. Prior to that, Dr. Lee was deputy division chief at the International Monetary Fund, where he established its Hong Kong office, representing the IMF from 2000-2003.
Please note that the Chatham House Rule applies – neither the comments of the speaker nor those of other participants are for attribution.
Please register by 5:00 PM ET, Monday, April 25, 2022, below and provide your name, email address, and the name of your company/employer. Note that there is a limit to the number of participants. Please register early! Conference call details will be provided prior to the call on Tuesday, April 26, 2022.