Headline inflation came in at 0.4% on a MoM basis and 3.5% on an annual basis, beating expectations of 0.3% and 3.4% respectively. Meanwhile core inflation came in at 0.4% on a MoM basis and 3.8% on an annual basis, beating…
Our reaction to this morning’s CPI report and bond market moves.
Fears of a hard landing are abating as growth has been surprising to the upside. New worries are emerging, such as the trajectory of disinflation, and the pace and timing of rate cuts. In this environment, it is important to build a…
The recent rise in market-based inflation expectations has caught the attention of market participants. Some investors have begun to worry that the Federal Reserve might be losing control of its inflation mandate by cutting rates…
Our reaction to this morning’s employment report and bond market moves.
Colombia: Macroeconomic Fundamentals, Public Finances, And Political Uncertainty Warrant Underweight
BCA Research’s Emerging Markets Strategy service argues that Colombia has fallen from grace in terms of its healthy macroeconomic fundamentals, business-friendly government policies, and conservative fiscal stances.…
It is too early for the RBA to begin cutting rates. Inflation remains above target, with core CPI currently standing at 3.4%, one of the highest numbers amongst major economies. The labor market is also fundamentally strong.…
Climbing US bond yields, alongside higher oil prices, might spoil the party for global risk assets. There are budding cracks in EM domestic bonds, and even though we like this asset class in the long run, investors exposed to it…
The US manufacturing sector appears to be enjoying a revival. As we highlighted yesterday, the ISM manufacturing PMI unexpectedly returned to growth in March and the S&P Global US manufacturing PMI remains in expansion…
Flash estimates for Euro Area inflation in March surprised to the downside. Headline inflation slowed from 2.6% to 2.4% versus expectations of 2.5% and core inflation eased from 3.1% to 2.9% versus expectations of 3%. While the…