USD CPI Review – A slightly hawkish surprise
Conclusions up front: A hawkish CPI surprise, especially in the details. The FOMC can construct both a dovish and a hawkish narrative based on...
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US Rates Nugget: More stagflation confusion from the NFIB
As per usual, we get some of the most interesting early evidence on inflation already ahead of the monthly CPI report with the release of the NFIB...
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Energy Cable #49: Ouch …..
Main take aways: Long utilities in Europe. OPEC looks like losing control with the market. SPR purchases could floor Oil markets here. Last week...
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Positioning Watch – Are markets ready for Powell Wednesday?
With Powell taking the stage on Wednesday, likely turning more hawkish in his rhetoric after weeks of financial conditions easing, we have had a...
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Rate Cuts: How Much? How Quick? How Real?
Higher for longer was the mantra for rates. Betting on rate cuts is the in-thing in monetary economics these days. Inflation is known for its head...
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