BlackRock's Terry Simpson on 2018 Economic Outlook
BlackRock Investment Institute released its 2018 Global Investment Outlook on Monday. Terry Simpson, Multi-Asset Investment Strategist at the Institute, explains his outlook for the economy heading into the new year.
The top themes in 2018 include: room to run in economy growth, inflation making a comeback in select regions, and lower reward for risk. This year, the global stage saw big surprises in economic growth from Europe, Japan, and China. Simpson expects the economic recovery to continue, but adds that there won't be as many surprises in 2018.
On Sunday, CBOE launched futures contracts for cryptocurrency. During this first day on futures, Bitcoin surged 26 percent. Simpson says he sees tremendous opportunity for blockchain technology. But, Simpson says, now is not an opportune time to recommend that its institutional clients invest in crypto assets, because of lack of regulation and volatility.
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Karl Farmer, Vice President and Portfolio Managers at Rockland Trust Bank, breaks down why inflation and interest rates may stick at these levels, and why Bitcoin still carries some risks.
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An inflation gauge favored by the Federal Reserve increased in January, the latest sign that the slowdown in U.S. consumer price increases is occurring unevenly from month to month. (Getty Images)
