The Federal Reserve’s Beige Book shows a slowing economy, a moderating labor market, and rising price pressures. The latest Beige Book is in line with other sentiment indicators showing slower growth and decreased confidence…
Copper prices in New York shot higher on Wednesday amid concerns that US imports of the red metal will face a 25% tariff. The catalyst for the renewed concern is President Trump’s comments during his Tuesday night speech: “And I have…
Leading US growth indicators have slowed, with economic surprises now in negative territory. However, Monday’s ISM Manufacturing showed that while activity is slowing due to tariffs uncertainty, supply-side price pressures are…
The Trump administration launched its biggest trade action on Tuesday, levying 25% tariffs on Canadian and Mexican goods, and an additional 10% to current tariffs on Chinese imports. Given its crucial role in US supply chains,…
Trump will pull back from the trade war when stocks approach bear market territory. He will not withdraw from NATO. Favor European stocks on fiscal policy.
The tariffs on Canada and Mexico will come into effect as scheduled while the tariffs on China will be doubled. In the Middle East, Iranian response to any attack will threaten Middle Eastern oil supply. Meanwhile, Chinese fiscal…
Core PCE inflation was tame this morning, but with large tariffs looming we anticipate loftier inflation readings in the months ahead.
Please join Chief US Political/Geopolitical Strategist Matt Gertken for a Webcast on Friday, February 28 at 10:30 AM EST (3:30 PM GMT, 4:30 PM CET).
US January core new orders beat expectations, rising 0.8% m/m, an acceleration from 0.2% in December. This measure, which excludes defense and aircraft from capital goods, is used as a proxy for business investment. Core shipments…
Please join FX and Global Fixed Income Strategist Chester Ntonifor and Associate Strategist Robert Timper for a Webcast on Thursday, February 27, at 10:30 AM EST (3:30 PM GMT, 4:30 PM CET).