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

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Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Macroeconomics

<ul>
<li>As economists anxiously await the coming CPI-print, we will in this ‘preview’ turn to our charts in an effort to align expectations according to select indicators. </li>
<li>We aim for 6.3% in headline and 5.5% in core in Thursday’s CPI report from the US, with the bigger downside risk in core relative to headline.</li>
<li>This is (again) clearly below the consensus. Let’s have a look at a bunch of charts on why.</li>
</ul>


As economists anxiously await the coming CPI-print, we will in this ‘preview’ turn to our charts in an effort to align expectations according to select indicators. 
We aim for 6.3% in headline and 5.5% in core in Thursday’s CPI report from the US, with the bigger downside risk in core relative to headline.
This is (again) clearly below the consensus. Let’s have a look at a bunch of charts on why.


Inflation Watch - Further Downside to US CPI Consensus