Executive Summary EU Embargoes Russian Oil The EU imposed an embargo on 90% of Russian oil imports, which will provoke retaliation. Russia will squeeze Europe’s economy ahead of critical negotiations over the coming 6-…
Listen to a short summary of this report. Executive Summary Recession Checklist US stocks were down almost 20% at their lowest point in May. Any lower and they would be pricing in recession.…
According to BCA Research’s Global Fixed Income Strategy & US Bond Strategy services energy bonds offer the most compelling combination of valuation and fundamental support within US investment grade. Despite the…
Executive Summary Selloffs across financial markets and evidence of decelerating growth have reminded us to play it close to the vest, but they haven't made us bearish. The stability of intermediate- and long-run inflation…
Executive Summary Inflationary Pressures To Fade The biggest problem for the European economy is surging inflation. Inflation has eroded household real disposable income and is hurting consumption. Inflation is set to…
American consumers’ 1-year ahead inflation expectations were revised slightly lower in the final release of the May University of Michigan Consumer Sentiment survey. The median estimate is now 5.3% y/y, down from 5.4% in…
Listen to a short summary of this report. Executive Summary US Financial Conditions Have Tightened Significantly This Year US financial conditions have tightened by enough that the Fed no…
Executive Summary Markets Priced For A Restrictive Level Of Australian Rates The neutral interest rate in Australia is lower than in past cycles, for several reasons: low potential growth, weak productivity, high household…