Wages softened last month according to the Atlanta Fed. The core CPI (ex-food, energy & shelter) showed only a modest rise in December too, following three benign months. Last week’s…
Read More
The French economy may well surprise on the upside this year irrespective of who is elected as President. Fast-growing tech companies will help to underpin the recovery. A new start-up…
The question of how far inflation rises in 2017 will be critical to the performance of equities. Surveys point to an acceleration in wages this year, but the relentless march…
The PBoC’s attack on short-sellers has provided some respite for the renminbi. China is imposing stricter capital controls. A clampdown by US and European authorities on Chinese FDI may also…
Investors have adopted a cautious stance ahead of a scheduled press conference by Mr Trump tomorrow, worried that the president-elect may ramp up his protectionist rhetoric. The dollar has softened…
Average hourly earnings are beginning to reflect the strong gains recorded by the Atlanta Fed’s median wage tracker. The FOMC appears to have fallen behind the curve. Faster wage inflation…
The French presidential election is widely considered to be the pivotal political event of 2017, in Europe at least. Marine Le Pen wants to destroy the euro, while Mr Fillon…
