UK long-term borrowing costs have edged down from the recent highs, offering some reprieve for the Chancellor. But gilt yields are still higher than in the run up to the…
The case for a more hawkish BoJ policy continues to build. Headline cash earnings jumped 4.8% y/y in nominal terms in December (led by bonuses) but the y/y for contractual,…
Last Friday’s payrolls report lends support to the view that the Fed should end its cutting cycle here. In fact, after the strong jobs numbers, the Fed’s next move is…
The idea that the Fed may have loosened monetary policy too much last year, and that it might even be forced to raise rates in 2025, was certainly non-consensus. Last…
Many had argued that the threat of tariffs will simply be used by President Trump as a negotiating strategy to force concessions. The deals struck with the leaders of Mexico…
All the focus has been on DeepSeek this week, and its implications for the AI race between China and the US. Climate change has fallen far down the list of…
