The trimmed mean PCE was released on Friday by the Dallas Fed. This measure removes the top 31% of items with the highest inflation and the bottom 25% of items with the lowest inflation within the PCE basket. Historically, it has…
A few preliminary measures of German inflation for April were released on Monday. The month-on-month headline inflation measure came in at 0.5% an increase from last month’s reading of 0.4% but below expectations of 0.6%.…
Chinese industrial profit growth slowed in the first three months of the year to 4.3% YTD y/y, from 10.2% y/y in January and February. The March slowdown is meaningful since industrial profits outright contracted by 3.5% relative…
Investors anticipate a record growth gap between the US and the Eurozone in 2024. Does this skewed expectation create market opportunities?
The latest edition of our Big Bank Beige Book suggests the expansion remains intact, though weakness in C’s private-label credit card portfolio could be a harbinger of distress among lower-income consumers. We remain tactically…
According to BCA Research’s Global Fixed Income Strategy service, a hard landing is the only way to solve the UK inflation problem. Sticky inflation and lingering inflation pressures have made the BoE’s job much…
The Tokyo inflation release for April came in on the soft side on Friday, with every single metric coming in below expectations. Tokyo headline inflation declined from 2.6% y/y to 1.8% y/y, versus expectations of a much more…
Our latest views on the recent increase in Treasury yields and some key things to watch at next week’s FOMC meeting.
