The latest PCE inflation data add to the evidence, that the neutral rate in the US is very close to where the fed funds rate is right now. Core PCE…
It is widely acknowledged that the recent, unprecedented surge in US immigration has helped to rebalance the labour market. But this large, positive supply shock may be waning. Net international…
The ex-fresh food & energy measure of Japanese core CPI inflation has climbed further above the BoJ’s target, firming from 2.05% to 2.26% in October. The sharp easing of services…
The BoE is rightly signalling a more cautious approach to cutting rates, after Labour’s Autumn Budget. The case for rate cuts was not convincing. The latest inflation data underlined the…
The Fed may still cut rates once more this year, but beyond that it is not clear why the Fed should ease any further. The S&P 500 is at record…
Donald Trump’s victory helped push the S&P 500 to 5,995.54 on Friday. The Republicans are inching closer to control of the House, and securing a sweep, providing a further fillip…
