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

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Macroeconomics

<ul><li>Our favorite survey out of the US economy was published earlier and it was a pretty decent report overall as the sentiment among SMEs improved, but there are a few trends worth noting in the details, so why don’t we briefly walk you through them here.</li><li>For the first time in a long while, we see a clear net/net decrease in expectations for future price hikes.</li><li>This is conciliatory news for Jay Powell and his ilk for H2-2024 (but not before then..)</li></ul>

Our favorite survey out of the US economy was published earlier and it was a pretty decent report overall as the sentiment among SMEs improved, but there are a few trends worth noting in the details, so why don’t we briefly walk you through them here.For the first time in a long while, we see a clear net/net decrease in expectations for future price hikes.This is conciliatory news for Jay Powell and his ilk for H2-2024 (but not before then..)

NFIB Watch: 5 KEY charts from the best survey on the US economy