Banking Stress Brings Inflation and Growth Risks Back into Balance
We are now increasingly of the view that the ECB, Fed, BoE, BoC, RBA and SNB have reached the end of their respective policy hiking cycles…Read More
A Closer Demand and Supply Balance – What Are The Odds?
Last week, we discussed the dominant ongoing theme: inflation, growth and monetary policy…Read More
The 5% GDP Growth Target
On March 5th, the government work report announced a GDP growth target of around 5% for 2023, which Premier Li Keqiang delivered on the first day of the National People’s Congress (NPC).Read More
A More Complicated Balancing Act: Growth vs. Inflation
Last week, we discussed the recent market reaction to the stronger-than-expected payroll and inflation data for January…Read More
A Clash of Opinions: Risks to ‘Higher for Longer’ are Real?
Last week, we discussed the recent, better-than-expected, US data and the dominant market inference that evolved as a result…Read More
US Data: A Bump in the Road, or a Change of Direction?
Last week, we discussed the recent policy decisions from the ECB, BoE and the Fed and how their respective monetary policy trajectories…Read More
Which Is The Bigger Risk: Growth or Inflation?
Last week, we discussed the most recent monetary policy decision meetings from the Fed, ECB and BoE…Read More
DM Central Banks: An Oasis of Hope, or Just a Blur?
Last week we discussed the significance of this week’s events on the global macroeconomic outlook and for financial markets.Read More
Central Bank Preview: Right Notes, Wrong Order?
Last week we discussed the Bank of Japan and its monetary policy evolution against a complicated global macroeconomic backdrop.Read More
Central Banks: Words vs. Actions
Last week we discussed our growing conviction that the Fed (and by extension a number of other DM Central Banks)Read More