EZ PMI: Help From Manufacturing
· The headlines look reasonable, with the highlight being the August EZ Manufacturing PMI at 52.8 versus consensus…
The Whig History of late-90s Fed Policy
Bessent’s approving 1997-Fed anecdote raises eyebrows and debate about its implications It’s important to recall how that era…
Eurozone Outlook: Has Inflation Peaked Already?
· Under our only slightly updated view of no further fighting in the Middle East, we see oil…
CBR Extends Easing Cycle but Slows Pace Amid Global Inflatio
Bottom Line: Following 50 bps rate cut on April 24—driven by the disinflationary trend in H1— the Central…
Sweden Riksbank Preview: Mild Tightening Bias Persist but We
Not only at the meeting this, we still see stable policy though to end-2027 rather than the small…
Bank of Canada – On hold with balanced tone
While recognizing that oil is around $10 per barrel higher than was assumed in its April Monetary Policy…
SARB Hikes Policy Rate to 7.0% Amid Rising Geopolitical and
Bottom Line: South African Reserve Bank (SARB) Monetary Policy Committee (MPC) convened on May 28, and announced that…
ECB April 30 Account: Not Willing to Look Through Energy Sho
The Account of the April 30 ECB meeting offers few added clues with comments from Council member since…
Europe: Anti-Immigration Vs More Negative Demographics
A significant demographic tremor is gaining speed and breadth – globally. Just as politics – certainly in the…
ECB: Not the Only Game in Town
When hearing ECB Council policy thinking one can get the impression that it sees only a direct link…
CBRT Hiked its End-Year Inflation Forecast to 26% Amid Econo
Bottom Line: Central Bank of Turkiye (CBRT) released its second quarterly inflation report of the year on May…
Bank of Canada – Policy seen appropriate under baseline assu
The Bank of Canada left rates unchanged at 2.25% as expected and Governor Macklem sees policy as appropriate…