Bank of England Pill: I expect we will proceed with QT over the coming years
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Yellen: Overall good feeling that inflation is coming down
US labour market is still very tight She mentions that there is encouragement from recent data that the rate of US inflation has declined. Well, the trend in the past few months is a welcome development but it remains to be seen if this is enough to stay the course for inflation to return towards […]
USD/JPY set to decline toward 125 over the coming months – Danske Bank
The Yen saw a boost from the BoJ initiating the beginning of the end to its Yield-Curve-Control. Economists at Danske Bank expect the USD/JPY pair to edge lower towards the 125 over the coming months. Tightening cycle commencing “Japanese monetary policy has taken over as a key driver of USD/JPY, while global inflation, bond yields […]
Fed’s George: Encouraging to see inflation coming down
Fed’s George is not a voting member and is set to retire shortly. Last night NY Fed Pres. Williams said: Inflation is still to high The Fed still has more work to do to bring inflation down to their goal of 2% Job growth remains strong He expects growth to be moderate in 2023 He […]
Netflix: Tepid Growth For The Coming Quarter?
The US unadjusted CPI in December remained sluggish for a sixth consecutive month at 6.5%, the lowest since October last year. Compared with the previous month, the seasonally adjusted CPI recorded –0.1%, which was lower than market expectations of 0% and the previous value 0.1%. This is the first time that the data has fallen […]
Themes to Watch Out for in the Coming Earnings Season
Today is the unofficial start of the fourth quarter earnings season. Over the next month and a half, virtually all the listed companies in the world will issue their latest earnings reports. Not surprisingly, the markets tend to get quite a bit more volatile during this period. And not just the stock market, because the […]
Recession is coming but the ISM does not mark the start of it – Wells Fargo
The ISM Service PMI for December released on Friday came in below expectations and triggered fears about a hard landing of the economy. Analysts at Wells Fargo forecast a recession is coming but they point out that this report does not market the start of it. Key quotes: “One unsettling takeaway from today’s services ISM […]