U.S. GDP, BOJ interest rate policy help calm global markets

Chief Investment Strategist Erik Ristuben joins host Alexandra Davis on this week’s Market Week in Review update to discuss the U.S. Federal Reserve’s decision to not raise interest rates on Wednesday, Jan. 27, showing the Fed is still in a “wait and see” mode. With the Q4 U.S. GDP number coming in at expectations, Ristuben notes in his view there is enough good U.S. economic data on the table for a potential upcoming rate hike in March (see more in our 2016 Annual Global Market Outlook). Ristuben also examines the initial positive reaction from the global markets after the decision by the Bank of Japan (BOJ) to adopt a negative interest rate policy for the first time. As the BOJ and European Central Bank (ECB) are both continuing to pursue a more active role in financial market stability in their respective markets, it gives the Fed the ability to pursue a diverging path for the U.S. economy. He also comments on the possible bottoming of oil prices, noting the expectations for upward movement later in 2016, given the fact there isn’t enough supply in the oil market as there used to be. IMPORTANT DISCLOSURE: Interviews were filmed as of the date mentioned in the video, these views are subject to change at any time without notice based upon market or other conditions and are current as of that date. It is made available on an "as is" basis. Russell Investments does not make any warranty or representation regarding the information. While all material is deemed to be reliable, accuracy and completeness cannot be guaranteed. This is not an offer, solicitation or recommendation to purchase any security or the services of any organization. Investing in capital markets involves risk, principal loss is possible. There is no guarantee the stated outcomes in the presentation will be met. The video may contain forecasting or other forward-looking information, this information is inherently uncertain and may be incorrect. This is a presentation of Russell Investments. Nothing in this presentation is intended to constitute legal, tax, securities, or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type. The contents of this presentation are intended for general information purposes only and should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional concerning your own situation and any specific investment questions you may have. Russell Investments is a trade name and registered trademark of Frank Russell Company, a Washington USA corporation, which operates through subsidiaries worldwide and is part of London Stock Exchange Group. Copyright Russell Investments 2014. All rights reserved. CORP-IMPORTANT DISCLOSURE: Interviews were filmed as of the date mentioned in the video, these views are subject to change at any time without notice based upon market or other conditions and are current as of that date. It is made available on an "as is" basis. Russell Investments does not make any warranty or representation regarding the information. While all material is deemed to be reliable, accuracy and completeness cannot be guaranteed. This is not an offer, solicitation or recommendation to purchase any security or the services of any organization. Investing in capital markets involves risk, principal loss is possible. There is no guarantee the stated outcomes in the presentation will be met. The video may contain forecasting or other forward-looking information, this information is inherently uncertain and may be incorrect. This is a presentation of Russell Investments. Nothing in this presentation is intended to constitute legal, tax, securities, or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type. The contents of this presentation are intended for general information purposes only and should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional concerning your own situation and any specific investment questions you may have. Russell Investments is a trade name and registered trademark of Frank Russell Company, a Washington USA corporation, which operates through subsidiaries worldwide and is part of London Stock Exchange Group. Copyright Russell Investments 2016. All rights reserved. CORP-10736