With Luke Tilley, Chief Economist – Wilmington Trust
Luke Tilley is a member of Wilmington Trust’s Investment Strategy Team, developing forecasts of the U.S. and international economies, as well as researching emerging issues to support and enhance the firm’s investment strategy. He oversees the firm’s effort in the macroeconomic forecasting area. Tilley is also responsible for communicating the economic outlook and investment strategy to clients and the public.
Prior to joining Wilmington Trust in 2015, Tilley was economic advisor at the Federal Reserve Bank of Philadelphia. Earlier in his career, he worked as a senior economist at IHS Global Insight and as an economist for the U.S. Department of Housing and Urban Development.
Here, Tilley shares his views on how the Fed will likely weigh recent market volatility, inflation trends and U.S. and global economic data when determining when to raise short-term interest rates. He also talks about China’s yuan deflation and what that really means for the U.S. and other trading partners, and how all this might impact U.S. markets near- and long-term.