The document discusses the tightening of financial conditions and its potential impact on the real economy, particularly in the U.S. It highlights the effects of stronger currencies, wider spreads, and weaker equities on financial markets and consumer spending. The report also examines the wealth effect and the influence of lower energy prices on consumption. It notes that some financial conditions in the U.S. are tightening less than the previous year and discusses the implications for U.S. monetary policy.
documents/vol00010-efta01459550-pdf.pdf
{"title":"CIO View Special - Americas Edition","key_people":["Phil Poole","Josh Feinman"],"document_date":"February 2016","document_type":"correspondence","key_locations":["U.S."],"document_subtype":"report","key_organizations":["Deutsche Asset & Wealth Management Investment GmbH"],"reference_numbers":["DB-SDNY-0120034","SDNY_GM_00266218","EFTA01459550"]}