Why should Powell abort the planned hike from the dot plot when everything is improving relative to the base case in the US economy? We are not writing off a Q1-Q2 recession, but the soft/hard evidence is not there for the FOMC members.
Something for your Espresso: Energy not yet a consensus bet, being short Europe is..
Energy keeps performing against all peers and it seems like positioning is still underweight despite the recent bullishness. European positioning is getting short, but data keeps backing up that view.
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Something for your Espresso: Hawks on parade!
The RBA and the BoC have given the global macro community a LOT to think about ahead of next week’s plethora of major central bank decisions. Is the Fed hike back on the table?
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