Another ‘Out of the Box’ with some food for thought on Fed’s rate path and the most un-appreciated risk scenario, namely more hikes.
Something for your Espresso: Soft-flation from Europe
Early regional evidence suggests that we will see a dovish surprise to the EUR-flation numbers this week as we forecasted. Will the Fed and the BoE be convinced of similar dovish inflation trends when they meet?
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Steno Signals #40 – The banking crisis is likely to accelerate in coming weeks
The banking crisis will continue to rage until the Fed and the ECB accept the underlying reason for the deposit flight. Banks cannot cope with an über-inverted yield curve, why cuts are needed asap to contain the situation. It will likely get worse before it gets better.