Trump’s climate assault comes at an inauspicious moment, as climate change accelerates. The gutting of climate policy is short-sighted and will eventually backfire, leaving a lasting, detrimental impact on the…
National CPI inflation in Japan accelerated from 3.62% to 4.03% in January. Governor Ueda alluded to the fact that the rise in food prices may not be so temporary and…
UK long-term borrowing costs have edged down from the recent highs, offering some reprieve for the Chancellor. But gilt yields are still higher than in the run up to the…
The case for a more hawkish BoJ policy continues to build. Headline cash earnings jumped 4.8% y/y in nominal terms in December (led by bonuses) but the y/y for contractual,…
Last Friday’s payrolls report lends support to the view that the Fed should end its cutting cycle here. In fact, after the strong jobs numbers, the Fed’s next move is…
The idea that the Fed may have loosened monetary policy too much last year, and that it might even be forced to raise rates in 2025, was certainly non-consensus. Last…
