The Reserve Bank of Australia lifted the cash rate by 25 bps to a 12-year high of 4.35% on Tuesday, in line with consensus expectations. Governor Michele Bullock's post meeting statement underscored that although inflation is…
Despite very low inflation, Bank Indonesia raised its policy rates last month to support the currency. The strategy did not work before and will not work now. Stay short the rupiah.
The US Federal Reserve Senior Loan Officer Opinion Survey (SLOOS) reveals that US banks continued to tighten lending standards for commercial and industrial (C&I), commercial real estate (CRE), residential real estate (RRE)…
According to BCA Research’s European Investment Strategy service, German yields will fall toward 2% as market-based inflation expectations dip. For now, the deceleration in Eurozone core CPI can be attributed to the…
Our Portfolio Allocation Summary for November 2023.
The Eurozone’s inflation will continue to slow over the coming months. While this trend will help Bund prices, will it boost the appeal of European equities?
As expected, the Fed stood pat at its Wednesday meeting, maintaining the target for the fed funds rate at 5.25-5.50%. The minimal changes made to the Fed Statement were to emphasize the strong pace of economic activity in Q3, to…
Our reaction to today’s FOMC meeting and the Treasury’s Quarterly Refunding Announcement.
The fundamental component of long-term inflation expectations has climbed to its highest level since 2008 in both the US and the euro area. This means that both the Fed and the ECB will need to engineer inflation to undershoot 2…
We maintain our view that China’s economic growth in the coming months will remain lackluster. Beijing's recent measures to provide additional financing may help to bridge the gap in government spending in the rest of 2023 and into…