Global Outlook September 2026
In this Global Outlook update, Bill Dinning, Chief Investment Officer, discusses the market impact of the US Federal Reserve's first interest rate rise in three years. While higher energy prices and geopolitical tensions continue to drive inflation, he believes the strength of the US economy, with growth running well above trend, justifies the Fed's decision. He also notes that the move should help reinforce confidence that inflation can be brought under control.
Looking beyond the US, Bill highlights the contrast between America and Europe, where growth remains much weaker despite similar inflationary pressures. He questions whether further rate rises in the UK and Europe would be effective in tackling energy-driven inflation and warns they could hinder already sluggish growth.
Despite these challenges, he remains optimistic about the investment outlook, pointing to robust corporate earnings growth across sectors and regions, and explains why W1M continues to favour equities within its portfolios
This material is provided for informational purposes only and does not constitute investment advice or a recommendation. The views expressed reflect current market conditions and are subject to change without notice.
All materials have been obtained from sources believed to be reliable, but their accuracy is not guaranteed. There is no representation or warranty as to the current accuracy of, nor liability for, decisions based on such information.
Investment strategies presented are not suitable for all investors and do not represent the experience of other clients. Results may vary and are subject to change based on market conditions and individual circumstances. Investors should consult their financial and tax advisors to assess the suitability and risks of any investment.
Portfolios may include investments in illiquid assets, securities subject to counterparty risk, and instruments sensitive to changes in exchange or interest rates. Derivatives such as futures, options, structured notes, and contracts for differences may be used for risk management or investment purposes but may also involve a higher level of risk and may not be suitable for all investors. There is a risk of loss and of counterparty default on such instruments.
