Inflation/Deflation
The ECB cut rates as expected, but rising yields and a stronger euro are tightening financial conditions just as fiscal policy shifts the macro landscape. With more rate cuts ahead and market positioning stretched, we outline the key risks, investment opportunities, and our updated call on the ECB’s terminal rate. Read our full report for actionable insights.
Our Portfolio Allocation Summary for March 2025.
Euro Area: Services Disinflation Remains Under Way…
Tokyo CPI Remains Hot…
US Consumer Spending Slows Amid Higher Tariff Risk…
Core PCE inflation was tame this morning, but with large tariffs looming we anticipate loftier inflation readings in the months ahead.
European Wages Cool…
