HEW: Dovish Data Dumps
Inflation data broadly disappointed expectations over the past week. The labour market news was more mixed, but higher UK and US unemployment...
410 Views
ECB: Wishfully Rolling Disinflation
Stronger wage and service price inflation have shrunk the Q1 target undershoot to only 0.1pp, removing the space that doves hoped might free the...
347 Views
EA: Eating A Disinflationary Revision
Another downward food price revision cut HICP inflation back to 2.1% in November, but the effect was only 1.6bp, and services inflation was...
228 Views
HEW: Packing Festive Presents
Another hawkish repricing occurred, despite little support from the Fed, although the six members favouring higher rates reveal hawkish discomfort...
378 Views
Monetary Policy Tide Is Turning Up
Markets are already pricing the return of rate hikes in 2026 for Canada, Australia and New Zealand, while policymakers elsewhere are starting to...
318 Views