Doing the math on U.S. policy shifts

5 snips

Mar 31, 2025

Dive into the intricacies of recent U.S. policy changes and their impact on global markets. The conversation highlights the challenges of forecasting in this volatile environment. There's a focus on the trade and fiscal repercussions of these shifts. Hear insights on market positioning, especially the appeal of short-term bonds, as optimism builds around AI-driven growth. It's a mix of economic analysis and strategic foresight, perfect for anyone navigating the current financial landscape.

Ask episode

AI Snips

Chapters

Transcript

Episode notes

INSIGHT

US Policy Impacts

US policy shifts, including trade, immigration, and fiscal measures, create uncertainty.
These policy changes are influencing global responses and market reactions.

INSIGHT

Tariff Uncertainty

Predicting near-term market outcomes is challenging due to many factors, like fluctuating tariffs.
The average US effective tariff rate is expected to reach approximately 10%.

INSIGHT

Policy Impacts

Tariffs could generate substantial revenue but may increase inflation and hinder economic expansion.
Reduced immigration might impact tax revenue, economic progress, and wage levels.

Get the Snipd Podcast app to discover more snips from this episode

Get the app

Major U.S. policy changes have upped uncertainty in a world of structural shifts. Nicholas Fawcett, Senior Economist at the BlackRock Investment Institute, shares how we’re sizing up economic and market impacts of U.S. policy shifts.

General disclosure: This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities, funds or strategies to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. The opinions expressed are as of the date of publication and are subject to change without notice. Reliance upon information in this material is at the sole discretion of the reader. Investing involves risks. BlackRock does and may seek to do business with companies covered in this podcast. As a result, readers should be aware that the ﬁrm may have a conﬂict of interest that could aﬀect the objectivity of this podcast.

In the U.S. and Canada, this material is intended for public distribution.

In the UK and Non-European Economic Area (EEA) countries: this is Issued by BlackRock Investment Management (UK) Limited, authorised and regulated by the Financial Conduct Authority. Registered oﬃce: 12 Throgmorton Avenue, London, EC2N 2DL. Tel:+ 44 (0)20 7743 3000. Registered in England and Wales No. 02020394. For your protection telephone calls are usually recorded. Please refer to the Financial Conduct Authority website for a list of authorised activities conducted by BlackRock.

In the European Economic Area (EEA): this is Issued by BlackRock (Netherlands) B.V. is authorised and regulated by the Netherlands Authority for the Financial Markets. Registered oﬃce Amstelplein 1, 1096 HA, Amsterdam, Tel: 020 – 549 5200, Tel: 31-20- 549-5200. Trade Register No. 17068311 For your protection telephone calls are usually recorded.

For Investors in Switzerland: This document is marketing material.

In South Africa: Please be advised that BlackRock Investment Management (UK) Limited is an authorised Financial Services provider with the South African Financial Services Board, FSP No. 43288.

In Singapore, this is issued by BlackRock (Singapore) Limited (Co. registration no. 200010143N). This advertisement or publication has not been reviewed by the Monetary Authority of Singapore. In Hong Kong, this material is issued by BlackRock Asset Management North Asia Limited and has not been reviewed by the Securities and Futures Commission of Hong Kong. In Australia, issued by BlackRock Investment Management (Australia) Limited ABN 13 006 165 975, AFSL 230 523 (BIMAL). This material provides general information only and does not take into account your individual objectives, financial situation, needs or circumstances. Before making any investment decision, you should assess whether the material is appropriate for you and obtain financial advice tailored to you having regard to your individual objectives, financial situation, needs and circumstances. Refer to BIMAL’s Financial Services Guide on its website for more information. This material is not a financial product recommendation or an offer or solicitation with respect to the purchase or sale of any financial product in any jurisdiction

In Latin America: this material is for educational purposes only and does not constitute investment advice nor an oﬀer or solicitation to sell or a solicitation of an oﬀer to buy any shares of any Fund (nor shall any such shares be oﬀered or sold to any person) in any jurisdiction in which an oﬀer, solicitation, purchase or sale would be unlawful under the securities law of that jurisdiction. If any funds are mentioned or inferred to in this material, it is possible that some or all of the funds may not have been registered with the securities regulator of Argentina, Brazil, Chile, Colombia, Mexico, Panama, Peru, Uruguay or any other securities regulator in any Latin American country and thus might not be publicly oﬀered within any such country. The securities regulators of such countries have not conﬁrmed the accuracy of any information contained herein. The provision of investment management and investment advisory services is a regulated activity in Mexico thus is subject to strict rules. For more information on the Investment Advisory Services oﬀered by BlackRock Mexico please refer to the Investment Services Guide available at www.blackrock.com/mx

BIIM0325U/M-4343005