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Perspectives

A variety of timely topics and trends for today's cash managers

Monthly Commentary: May

We share our latest thoughts on US macroeconomic data and trends. 

Topic

Type

Fed Thoughts

June 2025

Fed Thoughts: A Heavy Lift on Trade and Monetary Policy

Lacking sustained data on tariff implementation, we expect the Fed to hold its course.

Credit Markets

May 2025

Moody’s Downgrade of US Long-Term Ratings

How may markets react to Moody’s downgrading the US’s long-term credit rating?

Fed Thoughts

May 2025

Fed Thoughts: The Gambler

The Fed must play the economic hand it’s dealt, but wild cards may be coming.

Credit Markets

April 2025

Quarterly Money Market Credit Trends by Sector

Dreyfus provides a sector-specific analysis of credit trends within the high-grade money market universe.

Fed Thoughts

March 2025

Fed Thoughts: William McChesney Martin’s Advice

The Fed is waiting on policies to take effect, and its reaction may draw criticism.

Markets & Economy

March 2025

Is the Bad News Worse than You Think?

The Congressional Budget Office’s assessment of an unstable federal budget may still be too optimistic.

Fed Thoughts

January 2025

Fed Thoughts: Knock on Wood

The Fed knocks on wood as they watch the new administration’s policy moves and the impact on inflation.

Markets & Economy

January 2025

2025 Global Economic Outlook

Our macroeconomic experts explore potential challenges and bright spots for the global economy in 2025.

Fed Thoughts

November 2024

Fed Thoughts: A Drama in Three Acts

The Fed’s journey toward disinflation in 2024 is comparable to a three-act drama.

Money Markets

August 2024

Dreyfus: The Lion's Share

We outline Dreyfus’ core values and commitment to clients—the foundation of our industry position as a trusted partner with a full suite of liquidity solutions to meet our clients’ unique financial challenges.

Fed Thoughts

July 2024

Fed Thoughts: Will the Fed Swipe Left or Right?

We determine if the position of price stability will sway the Fed to restrict or ease policy.

Fed Thoughts

June 2024

Fed Thoughts: The Natural or Neutral Rate of Interest, or R* in Brief

We examine the natural or neutral rate of interest, also known as r*.

Fed Thoughts

October 2023

Fed Thoughts: Back to the Future

Details on the Fed’s goal to keep the policy rate “higher for longer.”

Money Markets

October 2023

Discover Dreyfus

With nearly 50 years of history building innovative liquidity solutions, we are committed to building powerful, lasting solutions to meet the financial goals of our clients.

Markets & Economy

June 2022

Recession Risks

Chief Economist and Macro Strategist Vincent Reinhart discusses impending recession risks following the Federal Reserve’s (Fed’s) rate hike in its effort to pursue price stability.

Fed Thoughts

June 2022

Fed Thoughts: Wake Me When September Ends

Chief Economist and Macro Strategist Vincent Reinhart outlines why the Federal Open Market Committee might diverge from gradualism later this year.

Credit Markets

June 2022

1Q22 Money Market Credit Trends by Sector

The Dreyfus credit research team provides their view on the various sectors they cover as of the first quarter of 2022.

Markets & Economy

May 2022

LUNA(cy)

Investors should draw as many lessons as possible from the recent collapse of the stablecoin UST and its crypto token twin LUNA. Chief Economist and Macro Strategist Vincent Reinhart offers three.

Fed Thoughts

May 2022

Fed Thoughts: Going Over “Niagara Falls”

Chief Economist and Macro Strategist Vincent Reinhart outlines how the dominoes will likely begin to fall at the May FOMC meeting.

Markets & Economy

April 2022

The Risk of Recession

As inflation and geopolitical tensions rise, so too does the specter of recession. Chief Economist and Global Strategist Vincent Reinhart briefly reviews the catalysts for a US and European recession in 2022 as well as our outlook on China-US relations.

Markets & Economy

April 2022

Back from the Future: Reverse Engineering a Recession

Chief Economist & Macro Strategist Vincent Reinhart provides detailed perspective on the probability of a US recession through four popular predictors. Reinhart’s macro outlook also outlines risks surrounding key trading partners and concludes with views on what method of asset allocation may weather an impending storm.