A better-than-feared jobs report, although somewhat “clouded” by a large public sector contribution. Overall, it seems like we are getting stimulus for an already stable economy, which is hard to construe as bad news.

A better-than-feared jobs report, although somewhat “clouded” by a large public sector contribution. Overall, it seems like we are getting stimulus for an already stable economy, which is hard to construe as bad news.
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.
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?
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.