A $1.2 trillion money manager has a wake-up call for anyone who’s bullish
|05/16/2018||Posted by BusinessMediaguide.Com under General World News||
- Northern Trust Wealth Management recently downgraded its forecasts for the US economy.
- The investor doesn’t expect a recession but says the benefits of tax reform will likely be front-end loaded and may benefit capital markets more than economic growth.
- “We downgraded our growth forecast for the US, developed ex-US, and emerging markets because we think expectations have perhaps gotten a little bit ahead of reality,” Katie Nixon, the chief investment officer at Northern Trust Wealth Management, told Business Insider.
The Trump bump for the US economy may soon flatten.