Australia & New Zealand Rapid Response New Zealand Consumer Prices (Q1 23) 20th April 2023 · 2 mins read
Canada Economics Update Canada Housing Watch (Apr.) House prices edged up in March and the jump in the sales-to-new listing ratio implies they will rise further this quarter. With affordability still very stretched, we assume that there will be a... 19th April 2023 · 4 mins read
Capital Daily Persistent UK inflation unlikely to preclude lower Gilt yields While we think investors are correct to price in more persistent UK inflation, we think a sharp decline in core inflation next year will allow the Bank of England to cut rates by more than most expect... 19th April 2023 · 5 mins read
US Economics Update Falling margins to help bring inflation down The recent undershooting of CPI used vehicle prices relative to wholesale auction prices appears, at least partly, to reflect a squeeze on dealer margins as demand has cooled. The upshot is that we... 19th April 2023 · 4 mins read
UK Economics Update Why is inflation higher in the UK? Inflation in the UK has stayed higher than elsewhere as the UK has endured the worst of both worlds – a big energy shock (like the euro-zone) and labour shortages (even worse than the US). Admittedly... 19th April 2023 · 3 mins read
Global Markets Update Taking stock of our Treasury and S&P 500 forecasts We think investors’ expectations for the Fed funds rate will fall a little by the end of this year, which will push the 10-year Treasury yield a bit lower by end-2023. But we doubt lower “risk-free”... 19th April 2023 · 5 mins read
UK Data Response Consumer Prices (Mar.) Plunging energy price inflation will soon drag down CPI inflation more significantly, but the stubbornness of core inflation suggests that the fight against inflation is lasting longer than the... 19th April 2023 · 3 mins read
Canada Data Response Consumer Prices (Mar.) Base effects helped to pull headline inflation lower in March, but there were also encouraging signs in core inflation, as the average three-month annualised gain in CPI-trim and CPI-median fell to a... 18th April 2023 · 3 mins read
Global Economics Focus Introducing our new financial conditions indices (FCIs) We have revamped our financial conditions indices (FCIs) for DM economies. This document sets out a framework for analysing financial conditions, explains our methodology, presents and interprets our... 18th April 2023 · 20 mins read
UK Data Response Labour Market (Feb./Mar.) The labour market became a bit less tight in February and wage growth continued to ease, albeit slowly. That leaves the Bank of England with a tough call on whether to raise interest rates further... 18th April 2023 · 3 mins read
Event Global Drop-In: How tight are financial conditions in the wake of the bank turmoil? 20th April 2023, 3:00PM BST As the dust settles on March’s banking sector turmoil, there’s intensifying focus on how credit is being affected by heightened fear.
