Fed Chair Jay Powell's speech at the Economic Club of New York on Thursday corroborates the signal from other recent Fedspeak that policymakers may not need to hike rates again. He highlighted that although inflation is…
BCA Research’s Global Fixed Income Strategy service is maintaining a tactical neutral duration stance to begin Q4. The team believes the risk/reward on US Treasuries has improved substantially after latest backup in…
Chinese economic data surprised to the upside on Wednesday. GDP expanded by 4.9% y/y in Q3 – beating expectations of a 4.5% y/y rise. On a quarterly basis, economic activity accelerated from 0.5% q/q to 1.3% q/q –…
Stronger-than-anticipated retail sales and nonfarm payroll employment in September indicate that conditions are still favorable for US consumers. Similarly, the latest reading from the Atlanta Fed's GDPNow model stands at 5.4…
US equities have somewhat stabilized since the beginning of October. After falling by 6.6% in the prior two months, the S&P 500 ended the day on Wednesday 0.6% above where it was at the end of September. Indeed, recent…
The data releases this week in the UK were disappointing for those that have been looking for a major downshift in UK inflation – most importantly, the Bank of England (BoE). The CPI report for September came in above…
According to BCA Research’s Counterpoint service, a fundamental question for investors is, will central banks fail to exorcise the pandemic’s lingering inflationary shock, just as they failed to exorcise the…
The US retail sales report delivered a sanguine update on US consumption. Overall spending increased by 0.7% m/m in September – above expectations of a 0.3% m/m rise and following an upwardly revised 0.8% m/m in August. The…
Singapore is a small open economy that is highly sensitive to fluctuations in global and Asian economic activity. This characteristic makes its exports a good bellwether for global growth. On this front, the upside surprise in…
The ZEW survey of investor sentiment sent an optimistic signal on Tuesday. German sentiment rebounded sharply from -11.4 to -1.1 in October – its highest level since April. Lower inflation expectations and a sharp increase…