Friday’s payrolls report was seen by some as confirmation that the labour market is slowing. Payrolls increased 175k in April, missing expectations, and the 3-month annualised rate for average hourly…
A joint study conducted by the Potsdam Institute for Climate Impact Research (PIK) and the European Central Bank (ECB), has attempted to quantify the impact of climate change on food…
Services inflation is picking up in the US, but there are good reasons to believe that even this is understated. The much-anticipated tumble in shelter CPI inflation has yet to materialise….
The Fed has its back against the wall. The core CPI (ex-food, energy & shelter) climbed by an annualised 3.31% in Q1. The 3-month annualised rate for the core services ex-energy &…
The headline GDP figure for Q1 came in below expectations but the underlying numbers were strong once again. More significantly, the core PCE price index rebounded by an annualised 3.73%…
China is accelerating its “new productive forces” campaign, focussing on high-end production of electric vehicles, solar panels, and batteries. But ‘excess capacity’ will further stoke trade tensions. Capacity utilisation for…
