NFP Gives the Green Light for Globally Concerted Tightening, Despite Persistent Disinflation
US non-farm payrolls (NFP) exceeded expectations in June, rising by 222,000 (versus expectations of 179,000) and the numbers for May and April were...
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Strong U.S. Employment Report For June
Nonfarm payrolls rose 222K in June (a stronger gain than forecasts) and payroll gains for the prior two months were revised 47K higher. The...
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US: Bond Market Conundrum 2.0
The time-varying term premium embedded in bond yields ensures that the Fed's ability to affect longer-term yields and, hence, overall financial...
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Fed Hikes Rates and Outlines Balance Sheet Normalization Plan Despite Another Low Inflation Reading
A busy Wednesday for U.S. economic releases started with another lower-than-expected reading on consumer inflation. May retail sales were also...
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Doubts About the Appropriateness of a Fed Rate Hike Next Week Are Misplaced
In the last week there has been commentary and media articles questioning why the Fed would hike rates on Wednesday given the latest U.S. jobs and...
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