-
There were four important macro developments to note in recent days. First, the recent string of US economic data was firmer than expected and GDP looks to have expanded close to 3% in Q4. With the help of guidance by Federal Reserve Waller, who is thought to be a possible successor to Chair Powell, played up the possibility of a cut in H1, and the market ...
-
Markets got overly excited by last week’s publication of inflation numbers relating to the Producer Price Index and Consumer Price Index. Core PPI (which excludes food and energy) was unchanged on a month-on-month basis in December compared with a 0.2% rise in November. Even more exciting for investors was the 0.2% monthly increase in the core CPI, slowing ...