Fed Chair Powell on “Navigating by the Stars Under Cloudy Skies”
At the Federal Reserve Bank of Kansas City’s Jackson Hole Symposium, Federal Reserve Chair Jay […]
China’s Crisis of Confidence
China’s economy needs active intervention by policy makers. If timely and articulated well, growth can […]
Downside Risks on the Rise – Scenarios for Chinese Growth
Financial stress is on the rise turning focus yet again on whether China is heading […]
Performance of Key Market Instruments When 10-year US Yield Rises Above 4%
August is traditionally seen as a quiet month, but once again significant developments are taking […]
Will Japan Intervene to Rescue the Battered Yen?
The Japanese yen has resumed its meltdown, falling victim to widening rate differentials and rising […]
RBNZ Review: Steady as She… Oh Wait!
OCR remained at 5.5% as Westpac and the market had expected. The RBNZ’s forecasts for […]
Minutes to RBA’s August Meeting Strike a More Optimistic Tone
The minutes of the Reserve Bank Board’s August meeting show a further evolution consistent with […]
Could July’s ECB Rate Hike Curse Reappear and Cause Significant Euro Underperformance Until Year-end?
The month of July tends to bring confusing memories for ECB followers due to the […]
Is Recession Coming? Framework Says Yes
Summary Last year, we released a three-report series that outlined a couple methods to predict […]
Bank of England Review – We Stay Negative on GBP with BoE Nearing Peak
In line with our expectation, the BoE today hiked the policy rate by 25bp, bringing […]
RBNZ to Hold in August; But a Hike Still Likely Before Year End
We continue to see the RBNZ raising the cash rate to 5.75%, but in November […]
RBA Board Pauses in August – Rates Now Likely on Hold for Extended Period
The Board now believes that the recent data is consistent with achieving the inflation target. […]