Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Macro and Geopolitical Research House

G3 Central Bank Watch: More Fuel to the 2007 = 2023 Analogy

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Macroeconomics

<ul><li>Receiving very front-end rates is starting to look attractive across all G3 countries again</li><li>The ECB is likely to cut in March as they will have sufficient evidence of 2% inflation</li><li>The Fed is likely to postpone the first cut until May, but the risk of a March cut will be traded up through February on seasonality issues</li></ul>

Receiving very front-end rates is starting to look attractive across all G3 countries againThe ECB is likely to cut in March as they will have sufficient evidence of 2% inflationThe Fed is likely to postpone the first cut until May, but the risk of a March cut will be traded up through February on seasonality issues

G3 Watch: Timing the first rate cut