Some interesting movement this week: Fed Chair Powell expressed his conviction that the Fed is “strongly, strongly committed to restoring price stability” and said that the…
The title of my column last week was “Is 50 the new 25?” Apparently so – even the Swiss National Bank (SNB) hiked by 50 bps,…
This last week featured the Reserve Bank of Australia (RBA) and the European Central Bank (ECB) meetings. While the ECB is undoubtedly of more importance for…
Has inflation peaked? One dot doesn’t make a trend but two might. The US consumer price index (CPI) peaked in March at 8.5% yoy. In April…
Something funny has been happening recently. Although inflation rates remain high and inflation expectations are still rising, interest rate expectations have been falling back. The leader…
This week I really should be writing about stock markets, which is where the drama has been recently. Where are stocks headed? Are we nearing a…
What moves markets? A fundamental analyst like me will talk about economic fundamentals: inflation rates, growth rates, monetary policy, fiscal policy, unemployment, etc etc. But these…
In Western Europe, May 8th, the day that the Allies accepted Germany’s unconditional surrender in 1945, is observed as Victory in Europe Day or VE Day.…
Oh, to be back in Japan now. Next week is Golden Week in Japan. That means there are three consecutive holidays: Tuesday: Constitutional Memorial Day Wednesday:…
The International Monetary Fund (IMF) and World Bank held their annual spring meeting this week. As part of the festivities they released their World Economic Outlook.…
