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?
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!
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.
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.