If the European Central Bank had not already formed consensus around, and widely telegraphed, a 25 bp rate cut at its upcoming policy meeting on June 6, the data over
Monday Morning Notes, 5/27/24 If You Don’t Have Time This Morning We are in something of a holding pattern at the moment. The Fed is waiting for fresh inflation data
UK Prime Minister Rishi Sunak’s call for a July 4 snap election and surprisingly stubborn inflation may have sidelined a rate cut by the Bank of England (BOE) next month but it
Waller Kills July, Leaves September in Doubt Federal Reserve Governor Chris Waller’s closely watched speech matched our expectations, but the contrast with his subsequent CNBC interview left market participants scratching
Monday Morning Notes, 5/20/24 If You Don’t Have Time This Morning April’s softer inflation data is a step in the right direction, but the Fed needs even softer numbers to
Financial markets have picked up on Isabel Schnabel’s comments in an interview today with Japan’s Nikkei news agency in which the highly influential European Central Bank Executive Board Member explicitly
European Central Bank officials universally agree that the most recent April inflation data are “more or less” in line with the March quarterly projections. With services inflation having finally broken
Monday Morning Notes, 5/13/24 If You Don’t Have Time This Morning Blindsided by elevated inflation in the first quarter, the Fed has shifted back to “wait and see” mode and
The Bank of England (BOE) warned it may start cutting rates as soon as next month as long as data continue to indicate the risks of inflation persistence are receding.
Bank of Japan (BOJ) governor Kazuo Ueda will ramp up his hawkish rhetoric around the prospect of a further near term rate move in an upcoming speech after two bouts
The Bank of England (BOE) again will hold rates at their 16-year peak this week and reprise the committee’s February eight-to-one March vote count, though it has likely lowered inflation
Monday Morning Notes, 5/6/24 If You Don’t Have Time This Morning The April employment report will help reassure the Fed that it doesn’t need to raise policy rates again but
China’s President Xi Jinping is slated to pay state visits to France, Serbia, and Hungary from May 5 to May 10. It will mark his first state visit of the
Powell Derails Rate Hike Speculation While the FOMC as expected validated market pricing of fewer rate cuts this year, Federal Reserve Chair Jerome Powell took great pains today to avoid
While We Wait We have been getting more questions about how quickly the Fed could turn to a neutral bias, or even to hiking rates. The answer is that shift
