Recent developments: more hawkish Fed and lower energy prices Since our last FX Forecast Update on 21 May, a resilient US labour market and signs of persistent underlying inflation have kept US monetary policy repricing Read more…
The story of artificial intelligence in business has followed a familiar script for the past few years. To help employees work faster, companies deployed AI to summarize documents, draft emails, write code, and answer questions. Read more…
Consumer spending remains resilient, but underlying fundamentals continue to weaken. We expect nominal personal spending to rise at a solid pace in May, largely reflecting higher energy prices, with the PCE deflator accelerating and pushing Read more…
US PCE inflation data eyed after Warsh’s surprise hawkish debut. June PMIs in the spotlight too as US-Iran deal eases energy crunch. CPI data for Australia, Canada and Tokyo also on tap. Warsh Signals Change Read more…
Airline and hotel credit card holders now have access to a wider array of benefits, including expanded lounge access and larger sign-up bonuses. Co-branded travel credit cards have become one of the fiercest battlegrounds in Read more…
While some countries are finally scrapping the restrictions put in place after the 9/11 attacks and heightened attentions to liquids, the Transportation Security Administration (TSA)’s three-one-one liquid rule still requires all travelers passing through a Read more…
Allbirds is not big enough to define the artificial intelligence market. That’s exactly why investors need to pay attention. The sneaker maker’s transition into Smartbird (BIRD) is more than just another strange corporate rebranding. It Read more…
Apple has spent years trying to make artificial intelligence a reason for consumers to buy new devices. That strategy has become more important as rivals, including Google, Microsoft, OpenAI, and Meta, move quickly with consumer-facing Read more…
Dollar strength remained the defining theme in currency markets on Friday, although gains slowed somewhat as US markets observed the Juneteenth holiday. Investors continued to digest the Federal Reserve’s hawkish shift earlier this week, which Read more…
Canada’s retail sales rose 0.5% mom to CAD 73.0B in April, slightly below expectation of 0.6% mom, and marking a modest recovery in consumer spending. The increase was driven largely by higher sales at gasoline Read more…