The debate on whether this is a Burns or a Volcker-like scenario rages on, but re-inflationary forward-looking indicators are increasingly coming to light. This is particularly evident in countries that have already cut interest rates.
Something for your Espresso: Crypto(pti)-mism is back!
The sudden optimism around the ETH spot ETF approval has reignited Crypto optimism. Another sign that monetary policy is probably not overly tight here and that liquidity is flowing still.
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Something for your Espresso: What if the dual mandates move in opposite directions?
The NFIB survey made for worrying reading for the Fed as the dual mandates seem to move in opposite directions. How to balance weaker employment growth and higher prices in an election year?
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Something for your Espresso: A BoJ classic
The BoJ has once again managed to move the needle without moving the market and there are few clues on the direction from here. Well played Ueda!
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Something for your Espresso: From Super Tuesday to Super Wednesday
Donald Trump versus Joe Biden is now a done deal unless something extraordinary happens ahead of November. Meanwhile, the two most dovish G10 central banks will report over the coming days.
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Something for your Espresso: Markets betting on low inflation AND a Chinese reopening
The market is doing exactly what it should do, if US/Western inflation is falling and China is fueling the global economic growth momentum again. The question is whether it is sustainable to bet on that cocktail. We doubt it.
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