Stagflation risks are building in the euro area, sharpening the policy dilemma for ECB. With inflation still taking precedence over the clouding growth outlook, we expect ECB to go ahead with its intention to hike all three policy rates by 25bp in July. The pace of further rate increases will depend on how the economy […]
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It has been what felt like a few years since the previous FOMC, with what resembles a totally different Market since. Since January 28, Oil is up close to 60%, Silver is down 25%, previously Read more…
The Federal Reserve is expected to deliver a “hawkish hold.” The Summary of Economic Projections (SEP) is anticipated to show higher inflation forecasts and a risk that the one expected 2026 rate cut could be Read more…
The USD/JPY pair is trading around 158.90, facing a high risk of FX intervention by the Japanese Ministry of Finance as it nears the 160.00 level. The week is dominated by a “central bank double-header,” Read more…