The ECB cut its deposit rate to 2.75%, as was widely anticipated. President Christine Lagarde did not provide any fireworks, but the Governing Council’s message was clear: Policy is restrictive, and inflation will fall further. As a…
Our Geopolitical Strategy team modeled several of the Trump administration’s most disruptive policies in a simple game theory framework. The Trump administration’s policies have created a complex web of trade and foreign…
Our Chart Of The Week comes from Mathieu Savary, Chief Strategist of our European Investment Strategy service. Mathieu investigates why President Trump started his global trade offensive with an attack on Canada and Mexico, the US’…
Our Emerging Markets strategists put together a hypothetical conversation between President Trump and Treasury Secretary nominee Scott Bessent on what economic policy would look like for the Trump 2.0 administration. …
The December Canadian CPI was roughly in line with estimates, with headline inflation ticking down to 1.8% y/y from 1.9% in November. The BoC’s core inflation measures, median and trim, also decreased from 2.6% to 2.4% and 2.5%,…
The January ZEW index for Germany missed estimates, with expectations falling to 10.3 from 15.7 in December. However, the euro area level index ticked up to 18 from 17 a month prior. Measures of current conditions also rose. The…
President Trump’s inaugural speech outlined his second term agenda. The theme was that the US will become “far more exceptional” than it already is. Trump pledged to reverse America’s decline, rebalance the justice system, streamline…
We look at President Trump’s first mandate for lessons on how markets would likely react to different policies. On the fiscal front, the 2017 Tax Cuts and Jobs Act (TCJA) was the first pro-cyclical stimulus in decades. Markets pushed…