San Francisco Fed President Mary Daly said yesterday that the slowdown in inflation was “goods news”. Yet, “one month does not a victory make.” “We have to be resolute to bring inflation down; we’re united in that commitment,” she said. “It’s raising the rate and then holding it for a length of time that is […]
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RBA hikes cash rate to 4.1% in a 5:4 vote. Perceived capacity pressures and inflationary impacts of the Middle East conflict were key concerns. As was widely expected, the RBA Monetary Policy Board (MPB) raised Read more…
The early spike in oil prices faded throughout yesterday’s trading session, pulling both US and Brent crude below the $100pb mark on news that a few tankers could transit through the Strait of Hormuz. There Read more…
In focus today Focus remains on tensions in the Middle East and its impact on energy markets. In Germany, we will receive the ZEW survey data for March. Recent months have shown an improvement in Read more…