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Inflation/Deflation

Fed Under Fire: Inflation Expectations Starting to Drift…
RBA Minutes Confirm No Rush to Ease Amid Strong Data…
Canada’s Growth Outlook Still Muddled by Uncertainty…
Japan’s Political Shift Reinforces Bullish JPY, JGB Underweight…
Sentiment Ticks Up, But US Consumer Caution Persists…

Beijing’s supply-side push faces steeper hurdles than in 2016. With limited demand support and tighter constraints on cutting capacity, today’s reforms are unlikely to pack the same punch.

UK CPI Runs Hot, But Disinflation Is Still In Sight…

Despite macro headwinds, the OBBBA clearly favors Industrials, Financials, and Consumer Discretionary equity sectors. A carefully constructed, factor-aware basket in these sectors is well positioned to outperform in a fiscal-driven, uncertain environment. 

US: Tariff Pressures Build, But Broad Inflation Remains Contained…