We heard from three central banks this week: the Reserve Bank of New Zealand (RBNZ), the Bank of Canada (BoC), and the European Central Bank (ECB).…
There are three major central bank meetings next week: the Reserve Bank of New Zealand (RBNZ) and Bank of Canada on Wednesday and the European Central…
Central banks and pundits are agreed – the war in Ukraine will increase inflationary pressures and dampen growth while weighing on sentiment. Here’s what the US…
As the war in Ukraine drags on, commodity prices have soared, inflation looks to be higher than anyone expected for longer than anyone expected, and growth…
The Russia/Ukraine conflict is spilling over into the rest of the world. There are other countries that are isolated from the world to some degree: North…
The key point for the markets of course is the Russian invasion of Ukraine. All other concerns are set aside for the time being. The invasion…
Sometimes markets are driven by economics, sometimes they’re driven by technicals. But right now they’re being driven by politics and I have no special insight into…
Thursday’s higher-than-expected US consumer price index (CPI) was the last straw for the markets. With inflation now at 7.5% yoy, the highest since 1982, investors upped…
We’ve talked a lot about inflation, the impact of the pandemic, the impact of labor shortages, used cars and microchips, whether it’s “transitory” or whether prices…
It’s clear that most central banks want to tighten policy nowadays. Not surprising, as inflation has proved less “transitory” than they expected a year ago. I’m…
