Find anything about our product, search our documentation, and more. Enter a query in the search input above, and results will be displayed as you type.
Searching... 
Quarterly Economic Report, Q3 2022
Key takeaways
The SVB Asset Management Economic Report is a quarterly review and outlook on economic and market factors that impact global markets and business health.
01
The Federal Reserve continues to tighten monetary policy.
The FOMC raised rates by 75-basis points at the June 2022 FOMC meeting.
02
Global inflation expectations remain high.
The Russia/Ukraine conflict creates inflationary pressures and commodity prices remain elevated.
03
US labor markets remain strong.
There continues to be more jobs available than unemployed Americans.
Gross Domestic Product (GDP)
Growth is expected to normalize in 2022, with market consensus expecting a decline to 2.4% for 2022 and 1.8% for 2023.
Inflation at Multiyear Highs
June 2022 CPI YoY reached 9.1%, while Core PCE rose 5.9% YoY. The Fed expects inflation to decline during 2022.
Short-End Interest Rates
The Fed hikes rates in May and June and warns the likelihood of a soft landing could be challenging as growth slows.
Global and Domestic Bond Yields
Global bonds were higher relative to historical averages as markets priced in aggressive rate increases and recession risks.
Written and researched by SVB experts
Fiona Nguyen
|
Former Senior Credit Analyst
Fiona Nguyen conducts fixed income research and issuer recommendations for the financial sector.
Hiroshi Ikemoto
|
Fixed Income Trader
Hiroshi Ikemoto and his team oversee the buying and selling of fixed income securities for separately managed accounts.
Jason Graveley
|
Senior Manager, Fixed Income Trading
Jason Graveley and his team are responsible for carrying out investment strategies for numerous separately managed portfolios.
Jeff Probst
|
Portfolio Manager
Jeff Probst and his team are responsible for the overall strategy, security selection and risk management of client portfolios.
Jon Schwartz
|
Senior Portfolio Manager
Jon Schwartz and his team are responsible for the development and execution of the strategy, security selection and risk management of client portfolios.
Jose Sevilla
|
Senior Portfolio Manager
Jose Sevilla calls on more than two decades of experience in financial services to analyze, structure and monitor fixed-income portfolios for his clients.
Timothy Lee, CFA
|
Senior Credit Analyst
Tim Lee researches and recommends fixed-income investments in the corporate, municipal, sovereign and securitized product sectors.
Thomas O'Keefe, CFA, CAIA
|
Head of Investment Strategy
Thomas O’Keefe is the Head of Investment Strategy for Silicon Valley Bank’s Wealth Advisory Group, responsible for portfolio construction, manager due diligence and market insights.
Ivan Asensio, Ph.D.
|
Head of FX Risk Advisory
Ivan Asensio is responsible for delivering strategic risk management advice to clients through direct and iterative dialogue and tailored consulting engagements.
Kyle Lojek
|
Fixed Income Trader
Darrell Leong
|
Managing Director, Head of Investment Research
Darrell Leong leads a team of analysts and oversees the research process that includes the corporate bond, asset-backed securities, and sovereign debt sectors.
Steve Johnson
|
Portfolio Manager
Steve Johnson and his team are responsible for the overall strategy, security selection and risk management of client portfolios.
Christi Fletcher
|
Senior Portfolio Manager
Christi Fletcher and her team are responsible for the overall strategy, security selection and risk management of client portfolios.