It’s central bank week again, and that of course means that we provide you with all you need to know ahead of the big meetings. Recent inflation numbers have pause written all over it, but will central bankers keep their hawkish tone?
We are back to the good old discussion on whether eight straight months of manufacturing contraction equals a recession or not. The jury is still out, and equity markets have not received the memo yet in case. The ISM Services will be a guiding star, but not a decisive one.
Something for your Espresso: Saudi Arabia wants a fight with Biden, but they don’t have the upper hand
Saudi Arabia once again attempts to gain the upper hand in the oil-market, but struggle to get the momentum going. Meanwhile, this week’s data may look like Goldilocks is back in the making,.
The RBA paused with a hiking bias intact. Is this the short-term playbook for other Western central banks? RBNZ comes up later, while the ECB members have started to sound the alarm.