The US Presidential election is eight months away. In this report, we will be looking at what is left of President Biden’s political capital and his room for actions in the next few months which may include market-negative actions…
Despite a couple of rate cuts in H2 2024, borrowing costs will remain elevated in real terms amid lower inflation in the US and Europe. This and tightening fiscal policy will hinder domestic demand in advanced economies. Domestic…
According to BCA Research’s China Investment Strategy service, the adjustment in China’s real estate sector is not over. Odds are that the property market will contract for the fourth year in a row. The property…
Citigroup’s economic surprise index for the Euro Area has been on a steady ascent since mid-2023. Its continued increase after breaking into positive territory at the start of February indicates that the region’s…
The 10.4% contraction in Taiwanese export orders for February delivered a negative surprise to expectations that the pace of expansion would slow from 1.9% y/y to 1.2% y/y. However, investors should not read too deeply into this…
There were no meaningful adjustments to the Fed’s communication on Wednesday. The post meeting statement was essentially unchanged with Chair Jay Powell noting that the risks to achieving the Fed’s goals are coming…
The UK CPI report showed inflation eased by more than anticipated in February. Headline CPI inflation dropped from 4.0% y/y to 3.4% y/y – below consensus estimates of 3.5% y/y and the weakest increase since September 2021.…
Our takeaways from this afternoon’s FOMC meeting.
The Bank of Japan delivered a historic policy adjustment this week, ending both negative interest rates and Yield Curve Control. In this Insight, BCA’s global fixed income and currency strategists discuss the immediate implications…