Currencies
Policy Tightening Salad Days: Post ECB, BoJ and FOMC
Last week, against a lull in the global macro data calendar, we discussed the importance of what we referred to as “likely historically significant” upcoming DM central bank meetings…
Read MoreFOMC, ECB, BoJ: From Peaks to Troughs?
Last week, we discussed the increasing signs of rebalancing of supply and demand and how this is likely increasingly consistent with our view that ‘disinflation will be notable through 2023 in its significance and persistence
Read MoreSupply Chains, Inflation and Policy Rates: Back to the Ordinary?
Last week, we discussed the evolution of our views on the DM growth and inflation backdrop in the context of Fed policy…
Read MoreShelter Inflation Elevated Due in Part to the Fed
US headline inflation has fallen as sharply as it had risen, but core inflation has been stubbornly sticky on the downside for the past six months
Read MorePayrolls and the Policy Rate: Are Jobs Telling the Whole Story?
In our last piece, we discussed what we see as rising disparity between the DM monetary stance and the underlying strength and or stability of domestic demand.
Read MoreChange is Afoot: Are Central Banks Losing Contact?
In our last piece, we focussed our discussion on the UK and the Bank of England
Read MoreA Dollar Avalanche Building in China
Chinese corporates continue to hoard dollars.
Read MoreThe Fed, The BoE and the Market: Plus Ca Change?
In our last piece, we discussed the most recent FOMC meeting.
Read MorePause for Thought: Global Monetary Divergence?
In our last piece, we outlined a more granular description of our views on the US macroeconomic trajectory.
Read MorePeak FFR: A Compromising Situation?
In our last piece, we discussed the added complication of US debt ceiling negotiations on the evolving global macro backdrop.
Read More