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7th July 2021
Although last week’s US employment data showed that the US economy is heading in the right direction, it failed to provide us with the evidence that the US economy is making sufficient progress to justify the Fed’s recent dramatic dot plot shift.
30th June 2021
We have had an uneventful start to the week as global equity markets wait for Friday’s (2 July 2021) US employment data.
23rd June 2021
After last week’s hawkish ‘dot plot’ surprise from the US central bank, we said markets were getting way ahead of themselves as it was far too early to conclude that the current economic reflation is over and that we will see significantly higher interest rates in the coming years.
17th June 2021
Despite a number of economic data releases, global equity markets have effectively gone nowhere so far this week as everyone is waiting for the conclusion of this evening’s Fed monetary policy.
10th June 2021
There has been no significant economic data releases so far this week, and given inflation continues to be the hot topic, all eyes are on the US CPI inflation reading which will be released later today.
26th May 2021
The inflation outlook remains the big theme this week ahead of Friday’s US core PCE data release (the Fed’s preferred inflation measure).