Could Monday’s Intervention Turn the Tide for Yen?
Japan allegedly intervened for the first time in six months Most recent interventions did not […]
Worst of Both Worlds: Are the Risks of Stagflation Elevated? Part II
Part II: A Brief Review of Past Episodes of Stagflation Summary In the first installment […]
Wolf in Sheep’s Clothing: Soft GDP Hides Surging Spending
Summary Real GDP grew at only a 1.6% annualized pace in Q1, held back by […]
April Flashlight for the FOMC Blackout Period: Waiting for Godot?
Summary We share the market’s overwhelming expectation that the Federal Open Market Committee (FOMC) will […]
Worst of Both Worlds: Are the Risks of Stagflation Elevated? Part I
Part I: A Framework to Characterize Episodes of Stagflation Summary In this first report of […]
Market Continues to Price in a Plethora of Rate Cuts for 2024
Market is still in monetary easing mode despite fewer rate cuts priced in across the […]
ECB Review: The Direction is Clear
Today, the ECB decided to leave policy rates unchanged as unanimously expected. A rate cut […]
European Central Bank On Course For June Easing
Summary The European Central Bank held monetary policy steady at today’s announcement, though we view […]
What’s Behind the US Economy’s Resilience?
US economy is still sizzling, outperforming other regions Several factors behind this strength, such as […]
Is There a Possibility of No Fed Rate Cuts This Year?
A summer rate cut by the Fed hangs in the balance amid persistent inflation Rate […]
RBNZ April 2024 Monetary Policy Review: Staying the Course
Staying the course The RBNZ left the OCR at 5.5% as expected. The record of […]
A Trading Playbook on Japanese FX Intervention
Yen falls 7% this year to hit lowest levels in three decades Japanese authorities threaten […]