The US just registered two consecutive quarters of “negative growth” – an awkward phrase that means output as measured by Gross Domestic Product (GDP) shrank. (I…
Early in June I wrote a weekly outlook, Is 50 the new 25? It looks like I was right – the European Central Bank (ECB) said…
Investors are laser-focused on two things: inflation and central banks’ reaction to it. After this week’s shocking US inflation print for June – at 9.1%, higher…
We got lots of trade and current account data this past week: German trade balance (Mon), the Australia trade balance, US trade balance (merchandise & services),…
There were some noteworthy movements in the market this week. On Wednesday, the European Central Bank (ECB) annual symposium in Sintra, Portugal wrapped up with a …
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…
