Joe Davis

Global Chief Economist

Joe Davis

Global Chief Economist

Joseph H. Davis, Ph.D., is a principal and Vanguard's global chief economist. He is also head of Vanguard Investment Strategy Group, whose research team is responsible for helping to oversee the firm's investment methodologies and asset allocation strategies for both institutional and individual investors. In addition, he is a member of the senior portfolio management team for Vanguard Fixed Income Group, which oversees more than $500 billion in assets under management.

Mr. Davis frequently presents at various investment forums and has published studies on a variety of macroeconomic and investment topics in leading academic journals. He earned his Ph.D. in macroeconomics and finance at Duke University.

Joseph H. Davis, Ph.D., is a principal and Vanguard's global chief economist. He is also head of Vanguard Investment Strategy Group, whose research team is responsible for helping to oversee the firm's investment methodologies and asset allocation strategies for both institutional and individual investors. In addition, he is a member of the senior portfolio management team for Vanguard Fixed Income Group, which oversees more than $500 billion in assets under management.

Mr. Davis frequently presents at various investment forums and has published studies on a variety of macroeconomic and investment topics in leading academic journals. He earned his Ph.D. in macroeconomics and finance at Duke University.

Fed policy update: A single rate hike likely in 2019

Article

Vanguard has adjusted its outlook for U.S. interest rate policy in 2019. Global Chief Economist Joe Davis explains why the Federal Reserve is likely to raise rates only once this year.

Vanguard's global chief economist explains why the U.S. Federal Reserve is likely to raise rates only once in 2019.

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2019 Global outlook: Down but not out

Whitepaper

Although several factors in the global economy will raise the risk of recession in 2019, a slowdown in growth--led by the United States and China--is the most likely outcome.

Factors in the global economy will raise the recession risk in 2019, but a growth slowdown is the likeliest outcome.

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Fed outlook for 2019: A pause is coming

Article

Vanguard Chief Economist Joe Davis sees the Federal Reserve ending this rate-hiking cycle at around 3% next year. The markets are forecasting less tightening.

Vanguard Chief Economist Joe Davis sees the Federal Reserve ending this rate-hiking cycle at around 3% next year. The markets are forecasting less tightening.

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2019 Economic and market outlook: Down but not out

Whitepaper

Vanguard's outlook for global markets, the global economy, inflation, employment, and monetary policy.

Vanguard's expectations for the global markets in 2019 and beyond.

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More from Joe

Whitepaper

Do economic surprises influence asset returns? A look at the effects of these surprises and the implications for investors.

Article

Chief Economist Joe Davis looks at how investors might fare as the Fed continues to raise short-term interest rates.

Article

Not according to a new Vanguard yardstick. Our “fair-value” CAPE ratio suggests that valuations are indeed high but not in “bubble” territory.

Video

Watch the full replay of Vanguard experts Frank Chism, Doug Grim, and Antonio Picca answering advisor questions about factor-based investing.

Video

Vanguard Global Chief Economist Joe Davis shares his views on the rise of cryptocurrencies, including bitcoin.