One of the most consensual views recently had been that the US (and perhaps Europe) would enter recession at some...

The surge in equities and fall in long-term bond yields in the first few weeks of January suggested that investors...

The latest data suggests that the US economy is headed towards a period of below-trend growth, if not outright recession....

Central banks are raising policy rates to reduce aggregate demand and bring it back in line with the productive capacity...

While inflation is causing a headache, there are other factors that could add up to a serious market migraine. Russia’s...

Central bank policy rates are priced to reach 5.0-5.5% in the US and 2.75% in Europe by mid-2023. Forward real...

Investors pay heed to the decisions of the Bank of Canada (BoC) as a ‘leading indicator’ of monetary policy elsewhere....

The US is facing slowing, but still strong demand and large negative supply shocks. We expect policy rates at between...

This is the first of two notes focused on reading between the lines of the policy announcements at the Chinese...

The path ahead for global equities is clear; it’s the timing that is uncertain. Inflation has remained sticky and well...

With no prospect of a let-up in the tightening of monetary policy on either side of the Atlantic, equity and...