ECB Chief Economist Philip Lane highlighted in a speech that recent data suggest the disinflation process “may run faster than previously expected” in the near term. However, he was quick to note that the implications for medium-term inflation remain “less clear”. The economic recovery’s strength, fiscal policy paths, wage developments, firms’ capacity to absorb higher […]
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Markets Markets are in some kind of wait-and-see stance today after the energy-repositioning of the previous two weeks. Bond yields drop a few bps. The dollar eases off recent top levels and equities avoid a Read more…
Markets are pricing in a 68% probability for a 25-basis-point (bps) rate hike, lifting the cash rate to 4.1%. The board needs to move policy past the current “neutral” rate (where interest rate ≈ inflation) Read more…
Do you know how many times over the last year you visited a grocery store? I don’t either, but it feels like nearly every day, I need to drop by just to get that one Read more…