Core inflation in the US should drift lower in the coming months. However, it is too early to conclude that the US is completely out of the woods when it comes to inflation. Given that the US job market remains tight, and the…
The S&P 500 has had a rough start to August. The index’s selloff since the end of July has pushed it down by 2.4%. Notably, the weakness is broad-based with all S&P 500 sectors in the red over this period. This…
Ever since the bottom below 0.96, the euro has staged a powerful rally. At 1.1, the euro is up 14.6% from its lows. The key question going forward is if investors should chase the rally, or fade strength in the common currency…
Some thoughts on this week’s bear-steepening of the Treasury curve and this morning’s employment report.
In this insight, we assess the prospect of the Swiss franc over the next six months.
As expected, the Bank of England delivered another 25 basis point rate increase at its Thursday meeting, lifting the policy rate to 5.25%. Going forward, Bailey – not unlike his counterparts at the Fed and ECB –…
The ADP Jobs Report delivered a better-than-anticipated signal about the US labor market on Wednesday. The 324 thousand increase in private employment in July beat expectations of a 190 thousand rise and marks the second highest…
The US Federal Reserve Senior Loan Officer Opinion Survey (SLOOS) reveals that US banks continue to tighten lending standards for commercial and industrial (C&I), commercial real estate (CRE), residential real estate (RRE),…
Collapsed complexity, plus the unwinding of favourable base effects and favourable seasonal adjustments to the inflation and jobs numbers, all pose a danger to the Goldilocks market.