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Monetary

Brazil: The Hawks Are Still Flying…

The Fed will keep rates on hold until the unemployment rate forces its hand.

BoC Holds Steady, Keeps Optionality Amid Trade Uncertainty…
Fed Waits For Labor Break Before Easing…
Tokyo CPI Cements Hawkish BoJ…

Investors should anticipate above average Treasury returns during the next 12 months, and curve steepeners will continue to profit.

Upgrade Turkey Upgrade…
Flat Growth And Soft Prices Reinforce Case For More ECB Easing…
Thoughts On Recent Fed Criticism…
Fed Under Fire: Inflation Expectations Starting to Drift…