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‘Undecided’ bond market has made up its mind – at least for now
13 Jan 2022 - Konstantinos VenetisTime to play catch-up. Policymakers have finally dropped the “transitory” narrative and are playing catch-up, rushing to normalize monetary settings closer in line with last year’s sharp positive macro turnaround. While.
#Central Banks #Federal Reserve #Monetary Policy #Inflation #Bond markets
The Sellside Guide to Christmas
24 Dec 2021 - Dario PerkinsThe Christmas blockbuster: For economists, Christmas is all about the big “Year Ahead” publication. Even though it’s obvious nobody actually reads these tomes (except, maybe, other sellsiders), they have to be really.
#Central Banks #Bank Of England #FX Market #Cryptocurrency #Christmas
Powell underplays hawkish turn
17 Dec 2021 - Steven BlitzThe march to a March hike is on, assuming, of course, no great downward swerve in growth and/or inflation between now and then. The FOMC sees three hikes in 2022 and this pacing alone tells you March comes first. Powell.
#Central Banks #Federal Reserve #Monetary Policy #Inflation
First Fed hike in March - it's not about current inflation
09 Dec 2021 - Steven BlitzMarch will mark the first Fed rate hike, sooner than the June timing I recently shifted to, and much sooner than the original Q4 call made in November 2020. The timing is being pulled forward because the circumstances.
#Central Banks #Federal Reserve #Monetary Policy #Inflation
Fed's inflation problem is wages in 2022, and no workable answer for it
02 Dec 2021 - Steven BlitzThe Fed’s problem is that current price hikes from shortages of goods and labour will pass, but the coming increase in wages will not. Because the conduit of monetary policy runs through the dollar and the equity.
#Central Banks #Federal Reserve #Monetary Policy #Inflation
Covid: Omicron variant - first take
26 Nov 2021 - Andrea CicioneThese are our initial thoughts on the new Covid variant: We don’t know enough about the B.1.1.529 variant to draw any specific conclusions at this stage. We know that it has many mutations on the protein spike, which.
#Liquidity #Equities #Covid19 #Stock Market
Hawkish markets to force global policy response?
04 Nov 2021 - Dario PerkinsA simple narrative is taking over financial markets, especially the short end of the yield curve, where the idea that central banks are “behind the curve” is rapidly gaining traction. Initially, it was just the emerging.
#Central Banks #Monetary Policy #Inflation
Supply stops US production, but that's not the stagnation story
25 Oct 2021 - Steven BlitzGlobal supply constraints reversed US production growth in September; excess global supply has stagnated US production. Current constraints will ease, and so too related price hikes, as transportation and production.
#Federal Reserve #US Economy #Retail Sales
Why central banks are suddenly sounding hawkish
29 Sep 2021 - Dario PerkinsCentral banks across the world have pivoted to a more hawkish mode in recent weeks. While this is in part acknowledgement that the recovery from COVID is continuing – albeit more hesitantly than officials expected at.
#Central Banks #Monetary Policy #Inflation
FOMC: AIT over before it starts?
27 Sep 2021 - Steven BlitzThe equity market rallied on a hawkish communication because the FOMC’s rate projections mirrored 2017-18, indicating the return to a strong dollar policy (intentional or not). The FOMC has now shown its hand (broadly.
#Federal Reserve #Equities #US Economy
