Inflación
El informe de Ingresos y Gastos Personales de mayo superó las estimaciones, mostrando un impulso del consumidor más firme pero una inflación que sigue siendo persistente. Ambos gastos, nominal y real, superaron las estimaciones, aumentando un 0,7% mes a mes y…
Australia's May data came in firmer than expected, but the RBA will stay on hold. Headline inflation eased to 4% y/y (-0.7% m/m) from 4.2% (0.4%), undershooting estimates. Lower energy prices cooled the print. The trimmed mean, however, climbed to 3.6% y/y…
Canadian May inflation was hotter than estimates, but the underlying inflation picture remains much more muted. Headline CPI rose to 3.2% from 2.8%, moving above the Bank of Canada’s 1%-to-3% target range. The increase, however, was driven by energy, which…
We react to DM central bank meetings this week and highlight the opportunities emerging across global fixed income and currency markets.
May US CPI was roughly in line with estimates and still shows no evidence of energy passing through to core inflation. Headline CPI rose 0.5% m/m, accelerating to 4.2% y/y from 3.8%. Core came in cooler than estimates at 0.2% m/m, down from 0.4% in April,…
Todavía hay margen para flexibilizar en México Todavía hay margen para flexibilizar en México La inflación mexicana se ha moderado hasta el extremo alto del rango objetivo, pero probablemente Banxico todavía tenga espacio para recortar en un horizonte…
A notable pattern is emerging globally: inflation remains above target, but it is coming in cooler than consensus expected. US inflation came in below estimates. The same pattern has appeared in European developed and emerging markets, including Switzerland…
BCA’s Global Investment Strategy team challenges Fed Chair Kevin Warsh's view that AI will prove disinflationary, particularly on the near-term inflation impact. Our colleagues argue AI is currently pushing up costs across a range of inputs, including power…
El auge de la IA aumentará la inflación en el corto plazo y también podría elevarla a largo plazo. La reticencia de la Fed a subir las tasas es comprensible, pero corre el riesgo de amplificar lo que ya podría ser una burbuja bursátil en formación.